Unicommerce Completes 100% Acquisition of Shipway

Unicommerce eSolutions has successfully completed the acquisition of Shipway Technology, making it a wholly-owned subsidiary, which is expected to enhance its e-commerce solutions portfolio. The acquisition involved a preferential issue of over 60 lakh equity shares for the remaining stake in Shipway, which specializes in post-purchase automation for D2C brands. With this deal, Unicommerce aims to strengthen its logistics capabilities and offer seamless order fulfillment and shipping automation. The company reported a revenue of INR 29.3 crore in Q2 FY25 and has been expanding its presence beyond India into the Middle East and Southeast Asia. Additionally, Unicommerce announced the resignations of key senior management personnel during the board meeting. This strategic move follows an earlier stake acquisition in Shipway, which positions Unicommerce as a leading player in the e-commerce sector.