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Shiprocket is a rapidly growing logistics and shipping technology company that has made a significant impact in the e-commerce industry.
With its user-friendly interface and extensive network, Shiprocket has revolutionized the way online sellers handle their logistics operations.
Tech-Enabled Solutions of Shiprocket
- Courier Recommendation Engine (CORE) helps you select the best courier partners based on ratings, pricing and performance.
- It provides a simple system to track orders easily. you can use either the Order ID or the AWB to track orders.
- It uses an Inventory Management system that replaces guesswork with accuracy, accountability and growth.
Logistics Market and Revenue
According to reports, In the year 2022, the size of the Indian logistics market was around 274 billion U.S. dollars. It was estimated that this market would grow to 563 billion dollars in 2030, at a compound annual growth rate of 9.4 per cent.
The global logistics market size accounted for USD 7.98 trillion in 2022 and it is expected to be worth around USD 18.23 trillion by 2030 with a noteworthy CAGR of 10.7% from 2023 to 2030.
It has a 3.51% market share in fleet management and logistics. In 2023, Shiprocket’s operating revenue increased by 78% to Rs 1,089 crore, from Rs 611 crore in 2022. In 2023, Shiprocket also hit $46.3 million in revenue, up from $27 million in 2021.
This case study highlights the Technological features of Shiprocket, the Industries it provides services to, the geographic locations they are in, the business and revenue model of the company and the Marketing Strategies used by the company.
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