Unicommerce, a leading e-commerce SaaS company, has successfully completed the full acquisition of Shipway, solidifying its position as a key player in the post-purchase automation space. This move follows its initial stake purchase of 42.7% in November last year for ₹68.4 crore. With this acquisition, Shipway is now a wholly owned subsidiary of Unicommerce.
Unicommerce Finalizes Shipway Acquisition Through Share Swap Deal
According to a preferential issue filing, Unicommerce eSolutions will issue 60,33,189 equity shares to acquire the remaining 7,610 equity shares of Shipway. The transaction will be executed through a SEBI-approved share swap agreement with Shipway’s shareholders—Vikas Garg, Gaurav Gupta, and Puneet Gupta.
This strategic move is expected to strengthen Unicommerce’s product suite, allowing it to offer enhanced post-purchase automation solutions to direct-to-consumer (D2C) brands, marketplaces, and logistics providers.
A Brief Look at Shipway’s Journey
Founded in 2015 by Gaurav Gupta and Vikas Garg, Shipway has built a strong reputation in the post-purchase automation space, helping D2C brands streamline their logistics and customer experience. The company previously received investment from IndiaMART InterMESH, which acquired a 26% stake in Shipway for ₹18.2 crore in 2021.
Unicommerce’s Growth and Expansion Strategy
Unicommerce has been a major player in the e-commerce ecosystem, offering end-to-end operations management for brands, online marketplaces, and logistics providers. Apart from its strong presence in India, the company has expanded to the Middle East and Southeast Asia.
After going public in August 2024, Unicommerce has demonstrated steady financial growth. In Q2 FY25, the company reported ₹29.3 crore in revenue, with a profit after tax of ₹4.4 crore.
The Road Ahead
With the complete integration of Shipway, Unicommerce is set to enhance its capabilities in post-purchase automation. This acquisition is expected to drive better customer experiences, optimize logistics, and further strengthen its dominance in the e-commerce SaaS sector.
As the company continues to expand its offerings, this move reaffirms Unicommerce’s commitment to innovation and operational excellence in the rapidly evolving digital commerce landscape.
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