<ul><li>Delhi NCR-based logistics unicorn Shiprocket's operating revenue increased 20.8% to INR 1,316 Cr in FY24.</li><li>The startup experienced a 74.4% decrease in net profit, reporting a loss of INR 595 Cr in FY24.</li><li>Factors contributing to the widened loss margins include a one-time restructuring impact, ESOP issuances, and investments in emerging businesses.</li><li>Shiprocket aims to achieve profitability by FY2025 and has reported a 50% reduction in overall cash EBITDA burn in FY24.</li></ul>

Shiprocket’s Revenue Crosses INR 1,300 Cr Mark

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