Shiprocket’s FY25 revenue rises 24% to Rs 1,632 crore as losses narrow

The Gurugram-based company also reduced its net loss to Rs 74 crore in FY25 from Rs 595 crore in the previous fiscal, driven by revenue growth and lower exceptional expenses. The company attributed most of the losses to employee stock ownership plan (ESOP) expenses of Rs 91 crore.