Shiprocket's loss widens 266% in FY23 as revenue rises 78%

Shiprocket saw its loss widen 266% YoY in FY23 from ₹93 crore to ₹340 crore while its revenue rose 78% YoY from ₹611 crore to ₹1,089 crore. Shiprocket, which became a unicorn in August 2022, acquired five firms in 2022. CEO and Co-founder Saahil Goel said Shiprocket's core business remains profitable, with acquisitions' losses making up most of the losses.