Unicommerce Acquires Shipway!

The e-commerce SaaS platform Unicommerce has acquired full ownership of the logistics solutions provider Shipway, following a previous equity purchase. The company, part of Ace Vector, had acquired a 42.7% stake in Shipway in November last year.

Unicommerce will issue 6,033,189 shares to acquire the remaining 7,610 shares of Shipway through a SEBI-approved stock swap. This transaction will make Shipway a wholly owned subsidiary of Unicommerce.

Unicommerce Strengthens Its Presence in the Middle East and Southeast Asia

Founded in 2015 by Gaurav Gupta and Vikas Garg, Shipway specializes in post-purchase automation solutions for D2C brands. In 2021, the company secured a strategic investment by acquiring a 26% stake from IndiaMART InterMESH.

With this acquisition, Unicommerce aims to expand its e-commerce solutions portfolio, offering seamless order management and logistics automation. As it moves beyond India, Unicommerce continues to strengthen its presence in the Middle East and Southeast Asia, further solidifying its position as a leading SaaS provider in the e-commerce sector.

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