Shiprocket raises Rs 727 crore from anchor investors ahead of IPO launch

In an impressive funding round, Shiprocket has garnered ₹727 crore from anchor investors in anticipation of its IPO. Esteemed domestic and global financial institutions participated in this initiative. The company targets raising ₹1,617 crore through its initial public offering, intending to channel the proceeds into marketing endeavors and tech enhancements, all while moving forward amid a challenging landscape for new-age companies.

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