M&A
E-commerce s'ware co. Unicommerce to acquire balance 53% stake in shipping automation enabler Shipwa
Gurugram-based, publicly listed e-commerce software firm Unicommerce Esolutions has acquired 7,610 equity shares (representing 57.24%) of fe llow Gurugram-based shipping automation company Shipway by way of a share-swap. Post acquisition, Shipway would become a wholly-owned subsidiary of Unicommerce.Shipway offers software solutions for the pre-purchase and post-purchase journeys of e-commerce. Its products include ‘Shipway’, an automated shipping solution software that algorithmically enables optimal courier allocation. It also offers ‘ConvertWay’, an automated marketing technology platform that allows brands to target customers efficiently using AI-enabled tools. The company had recorded revenues of INR 42.56 crore for FY24.
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