Company:Unicommerce
| Unicommerce | |
| Type | Public |
| Industry | SaaS |
| Founded | February 2012 |
| Founder | Karun Singla Vibhu Garg Ankit Pruthi |
| Headquarters | Haryana, Gurugram , India |
Area served | India, Middle East, Southeast Asia |
Key people | Kapil Makhija (MD & CEO) |
| Services | SaaS, Warehouse management, Logistics |
| Website | unicommerce |
Unicommerce (officially Unicommerce eSolutions Limited) is an Indian technology company that provides an e-commerce enablement SaaS platform and is headquartered in Gurugram, India. In fiscal year 2023, Unicommerce's software platform processed 20% to 25% of all e-commerce dropship transaction volumes in India.[1] The company is listed on BSE and NSE in India.
History
Unicommerce was founded in February 2012 by Ankit Pruthi, Karun Singla and Vibhu Garg, who were alumni of IIT Delhi.[2] Singla was a former employee of ecommerce firm Snapdeal.[3] Snapdeal was one of the earliest clients of Unicommerce and the company raised angel funding from its co-founders Kunal Bahl and Rohit Bansal. In 2013, the company received undisclosed funding from Nexus Venture Partners. In 2014, the company raised $10 million from Tiger Global.[4]
Following an acquisition bid by Snapdeal (later rebranded as AceVector Group), the investment from Tiger Global was settled through a share allotment scheme. Snapdeal bought the company in March 2015 at a valuation of more than $40 million.[5] Kapil Makhija was appointed as the CEO following the resignation of the original founders of the company in 2017.[6]
The company filed for IPO in 2024.[7] The IPO launched in August of the same year and was oversubscribed 168 times, leading to its official listing.[8][9]
Business
Unicommerce provides SaaS based order management and fulfilment platform to ecommerce and retail businesses.[10] In 2024, the company acquired Shipway to expand its logistics tracking and post-purchase automation capabilities.[11]
Unicommerce achieved profitability in fiscal year 2021, driven by increased e-commerce transaction volumes in India. The company has remained continuously profitable since.[12]
See also
- E-commerce in India
- Software as a Service
References
- ↑ "IPO Note - Unicommerce Esolutions Ltd". IDBI Capital. https://idbicapital.com/InstitutionReports/Uploads/Unicommerce%20Solutions_IPO%20Note_06082024.pdf.
- ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. https://inc42.com/buzz/ipo-bound-unicommerce-strengthens-board-with-five-key-appointments/.
- ↑ Bailay, Rasul; Shrivastava, Aditi (18 Dec 2014). "Snapdeal in talks to acquire online order management platform Unicommerce". The Economic Times. https://economictimes.indiatimes.com/industry/services/retail/snapdeal-in-talks-to-acquire-online-order-management-platform-unicommerce/articleshow/45558291.cms.
- ↑ Shrivastava, Aditi (7 Nov 2014). "Unicommerce raises $10 million from US-based investment firm Tiger Global". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/unicommerce-raises-10-million-from-us-based-investment-firm-tiger-global/articleshow/45067325.cms.
- ↑ Dubey, Jyotindra (5 Jun 2017). "Did Snapdeal Founders Make A Killing In The Unicommerce Deal?". VCCircle. https://www.vccircle.com/did-snapdeal-founders-make-a-killing-in-the-unicommerce-deal.
- ↑ Gooptu, Biswarup (22 Aug 2017). "Founders of Snapdeal-owned Unicommerce eSolutions quit". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/founders-of-snapdeal-owned-unicommerce-esolutions-quit/articleshow/60177953.cms.
- ↑ Ashrafi, Md Salman (6 Jan 2024). "E-commerce SaaS platform Unicommerce files DRHP with SEBI". Entrackr. https://entrackr.com/2024/01/e-commerce-saas-platform-unicommerce-files-drhp-with-sebi/.
- ↑ "Unicommerce eSolutions IPO listing: Shares debut with a solid 117% premium". Business Standard. 13 Aug 2024. https://www.business-standard.com/markets/news/unicommerce-esolutions-ipo-listing-shares-debut-with-a-solid-117-premium-124081300422_1.html.
- ↑ Mukherjee, Anubhav (8 Aug 2024). "Unicommerce IPO receives strong response, subscribed 168.35 times on third bidding day; Issue oversubscribed, check GMP". Mint by Hindustan Times. https://www.livemint.com/market/ipo/unicommerce-ipo-receives-strong-response-subscribed-168-35-times-on-third-bidding-day-issue-oversubscribed-check-gmp-11723136574520.html.
- ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. https://inc42.com/buzz/ipo-bound-unicommerce-strengthens-board-with-five-key-appointments/.
- ↑ Abrar, Peerzada (12 Nov 2024). "Unicommerce announces acquiring e-commerce technology platform Shipway". Business Standard. https://www.business-standard.com/companies/news/unicommerce-to-acquire-e-commerce-technology-platform-shipway-124111200953_1.html.
- ↑ "Unicommerce eSolutions". Raise Securities Private Limited. https://dhan.co/stocks/unicommerce-esolutions-ltd-financial-results/.
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