Shiprocket reduced cash EBITDA burn by about 50% to Rs 100 crore in FY24 from Rs 191 crore in the previous year.
Shiprocket achieved profitability for the first two quarters of the current financial year and aims to achieve full profitability by FY25.
Revenue growth of Shiprocket in FY24 was 21% YoY, amounting to Rs 1,316 crore.
Shiprocket's emerging businesses, such as Shiprocket Cross Border, Checkout, and Fulfillment, contributed nearly a fifth of the company's revenue in FY24.