In FY24, Logistics Unicorn Shiprocket's operating revenue increased by 21% YoY to Rs 1,316 crore, up from Rs 1,088.7 crore the previous year

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The firm lowered its cash EBITDA burn by around 50%, from Rs 191 crore in FY23 to Rs 100 crore in FY24

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The company revealed that the first two quarters of the fiscal year ending September 2024 are already profitable

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Shiprocket reported a net loss of Rs 595 crore due to factors such as one-time restructuring, accounting impact acquisitions, and employee stock options

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Accounting for restructuring and integration of acquired firms was Rs 244 crore, while ESOP issuances were valued Rs 192 crore

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Shiprocket restructured in FY23, incorporating acquisitions such as Pickrr, Wigzo, and Omuni

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The restructuring reinforced core operations and expanded into developing sectors like cross-border shipping, checkout services, and fulfillment

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Shiprocket's future strategy includes expanding Cross-Border Enablement for Brands, Shiprocket Quick, Shiprocket Checkout, and Shiprocket Capital

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