Shiprocket is gearing up to secure ₹885 crore through fresh equity aimed at bolstering expansion and addressing debt obligations. Additionally, the company plans to raise ₹732 crore via an offer for sale. With a profitable core business and growing emerging segments, revenue has risen by 24% annually from FY24 to FY26. Investors seeking long-term growth opportunities with a higher risk appetite might find this venture appealing.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased