Unicommerce Esolutions Limited — Updates, 21-03-2025: Press Release

Unicommerce eSolutions Limited has completed the acquisition of the remaining 57.24% stake in Shipway Technology Private Limited, making it a wholly owned subsidiary. Previously, Unicommerce acquired a 42.76% stake in December 2024 for ₹68.4 Crores. The acquisition is facilitated through a preferential issue of equity shares, where Unicommerce will issue 60,33,189 shares, with a share swap ratio of 1:8.9. This accelerated buyout allows for quick integration, expanding Unicommerce's total addressable market and enhancing its suite of e-commerce enablement solutions.

The combined entity serves over 7,000 businesses and 10,000 brands, with only a 5% client overlap, providing significant cross-sell opportunities. Shipway, as a key player in logistics management with 35 million annual transactions across 29,000 pin codes, strengthens Unicommerce’s position in the courier aggregation space. This acquisition positions Unicommerce to offer comprehensive solutions for inventory management, order processing, and shipping, which can lead to cost savings for its clients in the competitive e-commerce landscape.