Logistics startup Shiprocket files revised papers 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 are selling shares through the offer-for-sale (OFS) component. Founders Saahil Goel, Gautam Kapoor and Vishesh Khurana are also partially offloading their stakes in the…