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Shiprocket cuts cash burn by about 50% in FY24, on track to be profitable by FY25

  • 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.

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