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.
| Unicommerce | |
Company type | Public |
| Industry | SaaS |
| Founded | February 2012 |
| Founder | Karun Singla Vibhu Garg Ankit Pruthi |
| Headquarters | , India |
Area served | India, Middle East, Southeast Asia |
Key people | Kapil Makhija (MD & CEO) |
| Services | SaaS, Warehouse management, Logistics |
| Website | unicommerce |
History
editUnicommerce 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
editUnicommerce 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
editReferences
edit- ↑ "IPO Note - Unicommerce Esolutions Ltd" (PDF). IDBI Capital. IDBI Capital. Retrieved 17 May 2026.
- ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. Retrieved 17 May 2026.
- ↑ Bailay, Rasul; Shrivastava, Aditi (18 Dec 2014). "Snapdeal in talks to acquire online order management platform Unicommerce". The Economic Times. Retrieved 17 May 2026.
- ↑ Shrivastava, Aditi (7 Nov 2014). "Unicommerce raises $10 million from US-based investment firm Tiger Global". The Economic Times. Retrieved 17 May 2026.
- ↑ Dubey, Jyotindra (5 Jun 2017). "Did Snapdeal Founders Make A Killing In The Unicommerce Deal?". VCCircle. Retrieved 17 May 2026.
- ↑ Gooptu, Biswarup (22 Aug 2017). "Founders of Snapdeal-owned Unicommerce eSolutions quit". The Economic Times. Retrieved 17 May 2026.
- ↑ Ashrafi, Md Salman (6 Jan 2024). "E-commerce SaaS platform Unicommerce files DRHP with SEBI". Entrackr. Retrieved 17 May 2026.
- ↑ "Unicommerce eSolutions IPO listing: Shares debut with a solid 117% premium". Business Standard. 13 Aug 2024. Retrieved 17 May 2026.
- ↑ 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. Retrieved 17 May 2026.
- ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. Retrieved 17 May 2026.
- ↑ Abrar, Peerzada (12 Nov 2024). "Unicommerce announces acquiring e-commerce technology platform Shipway". Business Standard. Retrieved 17 May 2026.
- ↑ "Unicommerce eSolutions". Dhan. Raise Securities Private Limited. Retrieved 17 May 2026.
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