Unicommerce

Unicommerce eSolutions Limited
Unicommerce
TypePublic
IndustrySaaS
FoundedFebruary 2012; 14 years ago (2012-02)
FounderKarun Singla
Vibhu Garg
Ankit Pruthi
Headquarters
Haryana, Gurugram
,
India
Area served
India, Middle East, Southeast Asia
Key peopleKapil Makhija (MD & CEO)
ServicesSaaS, Warehouse management, Logistics
Websiteunicommerce.com

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. 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. Singla was a former employee of ecommerce firm Snapdeal. 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.

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. Kapil Makhija was appointed as the CEO following the resignation of the original founders of the company in 2017.

The company filed for IPO in 2024. The IPO launched in August of the same year and was oversubscribed 168 times, leading to its official listing.

Business

Unicommerce provides SaaS based order management and fulfilment platform to ecommerce and retail businesses. In 2024, the company acquired Shipway to expand its logistics tracking and post-purchase automation capabilities.

Unicommerce achieved profitability in fiscal year 2021, driven by increased e-commerce transaction volumes in India. The company has remained continuously profitable since.

See also

References

  1. ↑ "IPO Note - Unicommerce Esolutions Ltd" (PDF). IDBI Capital. IDBI Capital. Retrieved 17 May 2026.
  2. ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. Retrieved 17 May 2026.
  3. ↑ Bailay, Rasul; Shrivastava, Aditi (18 Dec 2014). "Snapdeal in talks to acquire online order management platform Unicommerce". The Economic Times. Retrieved 17 May 2026.
  4. ↑ Shrivastava, Aditi (7 Nov 2014). "Unicommerce raises $10 million from US-based investment firm Tiger Global". The Economic Times. Retrieved 17 May 2026.
  5. ↑ Dubey, Jyotindra (5 Jun 2017). "Did Snapdeal Founders Make A Killing In The Unicommerce Deal?". VCCircle. Retrieved 17 May 2026.
  6. ↑ Gooptu, Biswarup (22 Aug 2017). "Founders of Snapdeal-owned Unicommerce eSolutions quit". The Economic Times. Retrieved 17 May 2026.
  7. ↑ Ashrafi, Md Salman (6 Jan 2024). "E-commerce SaaS platform Unicommerce files DRHP with SEBI". Entrackr. Retrieved 17 May 2026.
  8. ↑ "Unicommerce eSolutions IPO listing: Shares debut with a solid 117% premium". Business Standard. 13 Aug 2024. Retrieved 17 May 2026.
  9. ↑ 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.
  10. ↑ Mitra, Sudeshna (20 Dec 2023). "IPO-Bound Unicommerce Strengthens Board With Five Key Appointments". Inc42. Retrieved 17 May 2026.
  11. ↑ Abrar, Peerzada (12 Nov 2024). "Unicommerce announces acquiring e-commerce technology platform Shipway". Business Standard. Retrieved 17 May 2026.
  12. ↑ "Unicommerce eSolutions". Dhan. Raise Securities Private Limited. Retrieved 17 May 2026.