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Shiprocket reported a net profit of Rs 60 lakh in the second quarter of FY27, marking a sharp turnaround from a loss of Rs 20.3 crore in the same period a year earlier. Revenue rose 35% year-on-year to Rs 673.6 crore, underscoring stronger operating momentum in India’s logistics and e-commerce enablement market.
India's listed new-age technology companies lost a combined $3.6 billion in market value this week as a steep sell-off in insurtech names, led by PB Fintech and Turtlemint, overshadowed gains in select SaaS, mobility and logistics counters. The decline came as investors weighed the likely impact of the insurance regulator's proposed commission caps, even as IPO activity remained active with Moneyview, AceVector and Spinny advancing public market plans.
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