E-commerce SaaS company Unicommerce has approved the 100% acquisition of Shipway, following its initial stake purchase last year. The move is part of Unicommerce’s strategy to enhance its product suite and reinforce its position in the e-commerce logistics space.
According to a preferential issue filing, Unicommerce eSolutions will issue 60,33,189 equity shares to acquire 7,610 equity shares of Shipway from its shareholders—Vikas Garg, Gaurav Gupta, and Puneet Gupta—through a SEBI-approved share swap deal.
In November last year, Unicommerce had acquired a 42.7% stake in Shipway for Rs 68.4 crore, marking its initial investment in the shipping solutions company. With this new transaction, Shipway will become a wholly owned subsidiary of Unicommerce.
Strengthening Post-Purchase Automation for D2C Brands
Founded in 2015 by Gaurav Gupta and Vikas Garg, Shipway provides post-
Unicommerce, owned by Ace Vector, is a leading SaaS provider enabling seamless e-commerce operations. The company works with India’s top brands, marketplaces, and logistics providers, with an expanding footprint in the Middle East and Southeast Asia.
Unicommerce’s Market Growth
Having gone public in August last year, Unicommerce has demonstrated strong financial growth. In Q2 FY25, the company reported:
- Revenue: Rs 29.3 crore
- Profit after tax: Rs 4.4 crore
The full acquisition of Shipway is expected to bolster Unicommerce’s capabilities in shipping automation and logistics management, further solidifying its leadership in the e-commerce SaaS sector.
