Shiprocket Goes Public: Bertelsmann Investments Celebrates Landmark IPO in India

• Bertelsmann India Investments has backed Shiprocket since 2015, supporting its rise to become India’s leading e-commerce enablement platform

• Shiprocket closes first trading day at valuation of US$ 1.1 billion after US$ ~170 million IPO

• BII remains the company’s largest institutional investor with a stake of around 19%

• Carsten Coesfeld: “Shiprocket is a powerful example of our long-term approach to investing in exceptional founders and businesses in India.”

Gütersloh / New Delhi / Mumbai, August 20, 2026 – Bertelsmann Investments (BI) celebrates a major milestone for its portfolio as Indian e-commerce enablement platform Shiprocket successfully completes its initial public offering and lists on the National Stock Exchange of India and BSE. The around US$ 170 million IPO values Shiprocket at US$ 1.1 billion at the end of its first trading day and marks an important milestone in the long-standing partnership between Shiprocket and Bertelsmann India Investments (BII), the Indian investment arm of Bertelsmann Investments. Ahead of the listing, the IPO attracted exceptional investor demand and was approximately 100 times oversubscribed.

BII first invested in Shiprocket back in 2015 as the firm’s first institutional venture investor. At the time, Shiprocket served around 1,500 customers and generated revenues of less than US$2 million. Since then, BII has supported the founding team around CEO Saahil Goel through several pivots in the company’s development. Today, Shiprocket is India’s largest e-commerce enablement platform, serving more than 214,000 active merchants and generating more than US$200 million in revenues this year. Its AI-powered platform brings together shipping, fulfilment, checkout and cross-border commerce for merchants across India.

Carsten Coesfeld, CEO of Bertelsmann Investments, said: “Shiprocket is a powerful example of our long-term approach to investing in exceptional founders and businesses in India. We backed the founding team at the earliest stage of the company’s journey and have seen them continuously pivot, innovate and scale Shiprocket into a leading technology platform. Its IPO is a defining milestone for the company, but also for our partnership. We remain convinced of Shiprocket’s long-term potential and look forward to continuing this journey as a shareholder.”

Following the IPO, BII remains Shiprocket’s largest venture investor and will hold approximately 19% of the company. On its first day of trading, Shiprocket’s shares closed 48% above the issue price. The company has been backed by long-term venture investors including Tribe Capital, March Capital and KDT Ventures, the venture arm of Koch Inc., while the IPO attracted additional high-quality public-market investors including SBI Mutual Fund, HDFC Mutual Fund and Goldman Sachs.

Deniz Pielsticker, CFO of Bertelsmann Investments, said: “Shiprocket’s IPO demonstrates the value that can be created through patient capital and long-term partnership. The company has come a remarkable way since our initial investment in 2015. For Bertelsmann Investments, Shiprocket is a compelling example of how our venture activities can create significant financial value while providing exposure to some of the world’s most dynamic growth markets.”

Shiprocket has developed from a shipping solution for small and medium-sized merchants into an integrated technology platform covering key parts of the e-commerce value chain. The company’s offering today combines shipping, fulfilment, checkout and cross-border commerce in one AI-powered ecosystem, enabling merchants to manage and grow their businesses.

Pankaj Makkar, Managing Partner of Bertelsmann India Investments, said: “When we first invested in Shiprocket in 2015, the company had around 1,500 customers and revenues of less than US$2 million. What convinced us then was the ambition of Saahil and the founding team and their ability to identify and solve fundamental challenges for India’s rapidly evolving e-commerce ecosystem. Over the years, the team has repeatedly demonstrated its ability to pivot, execute and build at scale. Today’s listing is an extraordinary milestone, and we are proud to have accompanied Shiprocket on this journey. We continue to believe strongly in the team and in the opportunity ahead.”

The IPO also reflects Bertelsmann Investments’ broader commitment to India as one of its most important growth markets. As part of its Boost strategy, Bertelsmann committed to investing more than US$100 million annually through BII, with 2025 marking a record year. In 2026, BII has already completed eight investments, seven of which were follow-on investments, including in Rozana, Snabbit and Handpickd.

About Bertelsmann Investments
Bertelsmann Investments (BI), as a global investment platform dedicated to driving best-in-class returns and empowering entrepreneurship worldwide, bundles the venture capital activities of the Bertelsmann Group as well as the growth unit Bertelsmann Next. The venture capital arm comprises the funds Bertelsmann Asia Investments (BAI), Bertelsmann India Investments (BII), futurepresent, and Bertelsmann Healthcare Investments (BHI), along with selected fund and direct investments, including in Europe, the United States, Latin America, and Southeast Asia. The Bertelsmann Next unit is home to Bertelsmann’s incubation efforts and buy-and-build strategies focused on new growth industries and markets, particularly in Mobile Ad Tech (Applike), HR Tech (EMBRACE), Pharma Tech (cormeo), and in India (LetsTransport). Through its fund network and Next activities, Bertelsmann Investments has invested about €2.3 billion in around 500 innovative companies and funds. Bertelsmann Investments currently holds more than 300 active investments worldwide, partners with leading entrepreneurs and venture funds, and is home to entrepreneurial talent.

About Bertelsmann India Investments
Founded in 2012, Bertelsmann India Investments (BII) is a sector-agnostic venture capital fund backing India’s next generation of transformative business leaders. BII focuses on early growth stage startups (Series A to C), combining long-term capital with long-term growth partnership to help founders scale sustainably. With AUM of around USD1 billion, its portfolio includes leading innovators like Shiprocket, Eruditus, Licious, Nat Habit, LetsTransport, and Orange Health Labs. As the India investment arm of Bertelsmann Group, BII leverages the strength of Bertelsmann Investments (BI) – one of the world’s largest VC ecosystems with more than €2 billion invested across more than 300 companies globally.

About Shiprocket
Shiprocket is a leading Indian e-commerce logistics and shipping platform for online retailers and D2C brands. The company aggregates multiple courier services, automates domestic and international shipping, and provides AI-powered tools for checkout, warehousing, and shipment tracking. www.shiprocket.in