Shiprocket converts to public company in run-up to IPO

This development comes in the wake of reports suggesting that the company is preparing to raise between Rs 2,000-2,500 crore through an initial public offering (IPO) in the next fiscal year. Founded in 2012, Shiprocket manages shipments for direct-to-consumer (D2C) brands and online sellers, which make up a substantial portion of its revenue.