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…