E-Commerce enablement platform, Shiprocket announced the seamless revenue-based financing for SMBs with Shiprocket Capital. The platform aims to disburse around Rs 100 crores to SMBs, in the next 12 months.  

Shiprocket Capital will facilitate merchants by enabling financing that is easy, quick, collateral-free, and liability-free. In its pilot phase, the platform has already enabled around 150 SMBs with access to vital growth capital and disbursed more than Rs 35 crores, it said in a statement. 

The company said that the move will leverage 3 lakh merchants on the platform with a GMV of 30,000+ crores to scale their business and secure up to Rs 10 Crores in revenue-based financing. 

Saahil Goel, co-founder and CEO of Shiprocket said, “India is on track to build a thriving ecosystem of 1 million eCommerce businesses by 2025. As an eCommerce enablement platform, we aim to empower them with flexible capital to grow their businesses and prove to be their partner in growth through Shiprocket Capital. We understand the unique challenges faced by entrepreneurs in today’s competitive landscape, and our goal is to empower them with accessible and rapid financing which is available at a click of a button. Shiprocket Capital is tailored for eCommerce, and we are offering a solution that enables eCommerce innovators to fuel their growth without compromising on their vision or equity.”   

In order to enable seamless capital disbursement Shiprocket has partnered with India's leading financing providers like InCred, Indifi, Klub, Stride, Vedfin, Velocity, and GetVantage. With Shiprocket Capital, Shiprocket promises to empower eCommerce businesses to accelerate their growth by providing access to hassle-free fund disbursal which happens within 2 days of document submission, it added.  

Shiprocket Capital caters to eCommerce businesses operating across diverse categories, including fashion, consumer electronics, beauty and personal care, home and kitchen, and jewellery and accessories. 100+ emerging eCommerce brands have harnessed the power of Shiprocket Capital to acquire new customers and scale their businesses.  

Launched in 2017, the Delhi-based logistics Unicorn announced a 78 per cent surge in operating revenue for the fiscal year ending March 31, 2023. It recorded operating revenue of Rs 1089 crore, marking 1.7 times increase from the previous fiscal year's Rs 611 crore.