Liquidity Events
E-commerce s’ware co. Unicommerce to acquire shipping automation enabler Shipway
Economic Times Press Release BSE Disclosure
Listed e-commerce software firm Unicommerce Esolutions will acquire Gurugram-based shipping automation company Shipway . The deal will be completed in tranches. In the first leg, Unicommerce will purchase a 42.76% stake for INR 68.4 crore. The balance will be acquired within a year through a merger or stock swap, taking the firm’s ownership to 100% in Shipway.Shipway claims to deliver products across 29,000+ pin codes cost-effectively.The acquisition is aimed at expanding Unicommerce’s product suite to include solutions for courier-aggregation, shipping automation and returns reduction, covering its offerings from pre-purchase to post-purchase segments of e-commerce.
In Apr-21, Noida-based, publicly-listed B2B e-commerce marketplace IndiaMART InterMESH Ltd acquired a 26% stake in Shipway.
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