The company posted that in a stock exchange filing the board approved the allotment of 31,011 stock options to those under the Shiprocket employee stock option plan. The company allotted these fresh equity shares under the Shiprocket Employee ESOP 2016. The logistic firm announced that these stock options brought the total ESOP pool size to 174,440 options. Shiprocket offers a platform using a machine learning-based data engine that produces track orders from a single panel, shipping labels and suggests courier services. 

The startup has raised around 323 million USD across multiple funding rounds since its inception, including $11 million secured during its series E funding round at a post-money valuation of 1.21 billion USD from Afos. The startup data intelligence platform, thekredible’s report showed that the existing investor Bertelsmann Nederland B.V is the largest external stakeholder of the firm with 25.1 percent. Tribe Capital follows closely with a 15.80 percent stake in Shiprocket. 

The development came after the company announced its financial results for FY24. This marks the first time since this logistic firm expanded its employee stock option plan’s pool size in the past few months. The company plans to launch its initial public offering round in 2025 with an estimated funding round of Rs 2,500 crore. The company’s closest competitor Unicommerce recently acquired Shipway. This marks the first expansion of Shiprocket’s employee stock option plan pool sizes for this month.

The logistic service and supply chain provider reported a 21 percent increase in its revenue to Rs 1,316 crore in FY24. However, the net loss was around Rs 595 crore in the same duration. The Gurugram-based startup has investors including Lightrock, Zomato, Paypal, and Temasek. Shiprocket faces competition from other e-commerce platforms in the same market segment including ShopKirana, Unicommerce, Pickrr, and ShipBob.

Conclusion :

Shiprocket expanded its employee stock option Plan by allocating 31k stock options under its employee Stock Option Plan 2016. These newly allocated shares are worth around Rs 134 crore. The logistic service solution and supply chain providing platform provides shipping software solutions for e-commerce businesses. This is the maiden Employee Stock Option Plan expansion round. 

The Gurugram-based logistic firm allows customers to manage orders across various marketplaces with order tracking using AWB tracking numbers, order IDs, and more. The addition of new stock options brought the total ESOP size to 17,44,40 stock options. This pushed the total ESOP plan worth to be around 90 million USD. The company posted revenue of Rs 1,316 crore and competes with other platforms like Unicommerce.

Deepika Khare

Deepika Khare is a seasoned entrepreneur with 10 years of experience across diverse industries, including technology, startups, and business. She has a profound understanding of content marketing strategies and journalism, allowing her to create impactful and result-driven content. With expertise in the startup ecosystem, digital marketing, business coaching, and mentoring, she excels at crafting compelling narratives, optimizing content for engagement, and positioning brands for long-term success in the ever-evolving digital landscape.

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Delhivery is a logistic startup that provides logistic services and a platform to enable its users to track their packages across India. The startup showed a 4.6 percent increase in its operating revenue. The company saw a huge increase in its profit, with a scale crossing Rs 2,100 crore in the same duration.  The National Stock Exchange report mentioned that the operational revenue was around Rs 2,172  crore in the first quarter of FY25.  

Entrackr mentioned in its report that the firm had a sizable profit in the first half of FY25 compared to the previous financial year. This logistics company offers various services including designing and deploying logistics management systems, delivery services, warehousing, and other logistic services.  The firm earns revenue through convenience fees raised from deliveries, designing and deploying logistic management systems, and warehousing. The financial sources provide Rs 110 crore and make the total income to cross Rs 2,282 crore in the Q1 FY25. The logistic unicorn faces competition from other logistic solution providers such as Shadowfax, Lets Transport, and Xpressbees.  

Delhivery offers an online platform to provide its services with the best customer experience. The company is also working on establishing its wholly-owned subsidiary, Delhivery Robotics India to focus on manufacturing drones and target the global market. The startup recently allocated 6.49 lakh stock options to expand its employee stock option plan for the third time in the past few months. The cost of handling takes up to 71 percent of the total expenses. These overall expenses increased by 4 percent to Rs 1,579 crore in the first quarter of 2025. This logistic company has clients including Softbank Group  International, OYO, and IndusInd Bank. 

The startup has raised around 1.3 billion USD across multiple funding rounds since its inception. Earlier,  this year, the company allocated 1,66,122 employee stock options under its ESOP 2012 scheme,  making the total ESOP pool size 1.73 million. The manufacturing, finance, legal, marketing, employee benefits, and other expenses take up to 40 percent of the total expenditure to Rs 2,223 crore in Q1 of  FY25. Even though the company faced internal challenges like decreased express parcel and cross border service it still managed to earn a profit with a total market capitalization of 3.6 billion USD. 

Conclusion:

Delhivery announced a 4.6 percent increase in its operational revenue to Rs 2,172 crore crore.  However, the Profit After Tax stood out at Rs 52 crore. This logistic service provider offers an online platform to track your packages and different logistic solutions such as warehousing, and designing of  logistic management systems. The startup recently increased its employee stock plan option plan by granting 1.6 lakh new stock options. The startup reported a 4 percent increase in its overall expenses to Rs 1,579 crore in the first quarter of FY25. The manufacturing, advertising, employee benefits, and legal expenses increased the overall expenditure of the firm to Rs 2,223 crore in the same duration.

Suraj Verma

Suraj Verma has a passion for keeping the Business world informed through comprehensive coverage of Trending News and Startup News. His storytelling ability shines through captivating Startup Stories, while his expertise in curating Listings and analyzing Case Studies drives impactful results.

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