Shiprocket files UDRHP for Rs 2,342-crore IPO

Share via:



Gurugram-based Shiprocket, which offers shipment and checkout services to direct-to-consumer (D2C) brands, has filed an updated draft red herring prospectus (UDRHP) for a Rs 2,342-crore initial public offering (IPO).

Through the offering, Shiprocket is looking to raise Rs 1,100 crore in fresh capital, while investors including Tribe Capital, Arvind Ltd, March Capital and Bertelsmann selling shares through the offer-for-sale component. Founders Saahil Goel, Gautam Kapoor and Vishesh Khurana are also partially offloading their stake in the IPO.

For the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Shiprocket files UDRHP for Rs 2,342-crore IPO



Gurugram-based Shiprocket, which offers shipment and checkout services to direct-to-consumer (D2C) brands, has filed an updated draft red herring prospectus (UDRHP) for a Rs 2,342-crore initial public offering (IPO).

Through the offering, Shiprocket is looking to raise Rs 1,100 crore in fresh capital, while investors including Tribe Capital, Arvind Ltd, March Capital and Bertelsmann selling shares through the offer-for-sale component. Founders Saahil Goel, Gautam Kapoor and Vishesh Khurana are also partially offloading their stake in the IPO.

For the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

AI won’t steal jobs, ours is last generation to...

Tech giant Microsoft's India and South Asia President...

tvOS 26.2 now available for Apple TV 4K, here’s...

Apple’s latest lineup of software updates has arrived,...

Today’s NYT Strands Hints, Answer and Help for Dec....

Looking for the most recent Strands answer? Click here for...

Popular