Unicommerce Esolutions Limited — Updates, 12-11-2024: Press Release

Unicommerce has announced the acquisition of Shipway, an e-commerce technology platform based in Gurugram. In the initial phase, Unicommerce will acquire a 42.76% stake in Shipway for a cash consideration of ₹68.4 Crores, with plans to obtain the remaining stake through a merger or stock swap within the next year. This strategic acquisition is set to expand Unicommerce’s product offerings to include courier aggregation and shipping automation solutions, enhancing its technology suite for over 6,500 brands and logistics companies. The integrated platform aims to cover the entire e-commerce journey, ranging from marketing automation to efficient shipment processes. This move is expected to significantly enlarge Unicommerce’s market footprint, providing transformative benefits to its existing and new clientele, including renowned brands like Durex and Lenskart.