Unicommerce to acquire e-commerce technology platform Shipway

Quick Summary:

In the first tranche of the deal, Unicommerce is acquiring 42.76 per cent stake in Shipway for a cash consideration of Rs 68.

In the first tranche of the deal, Unicommerce is acquiring a 42.76 per cent stake in Shipway for a cash consideration of Rs 68.4 crore.

The acquisition will expand Unicommerce’s product suite to include solutions for courier aggregation, shipping automation, and returns reduction.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Lenskart Unicommerce customer base Shipway software solutions Shipway acquisition Amante Sleepy Owl Unicommerce acquisition Sennheiser Courier aggregation solutions Indian e-commerce solutions Durex AI-enabled marketing tools Gurugram-based tech platform Shipping automation Libas Unicommerce product suite ConvertWay marketing E-commerce SaaS solutions Tresmode E-commerce supply chain Returns reduction tools Unicommerce Shipway merger Shipway ConvertWay solutions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 15:05:37 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23549274

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