Unicommerce

{{Infobox company | name = Unicommerce eSolutions Limited | logo = | trade_name = Unicommerce | type = Public | traded_as = {{ubl|{{BSE|544227}}|{{NSE|UNIECOM}}}} | ISIN =  | industry = SaaS | founded = {{Start date and age|2012|02}} | founder = Karun Singla<br>Vibhu Garg<br>Ankit Pruthi | hq_location_city = Haryana, Gurugram | hq_location_country = India | num_locations = | num_locations_year =  | area_served = India, Middle East, Southeast Asia | key_people = Kapil Makhija (MD & CEO) | services = SaaS, Warehouse management, Logistics | owner =  | parent = | subsidiaries = | website = {{URL|https://unicommerce.com/}} }}

Unicommerce (officially Unicommerce eSolutions Limited) is an Indian technology company that provides an e-commerce enablement SaaS platform and is headquartered in Gurugram, India. In fiscal year 2023, Unicommerce's software platform processed 20% to 25% of all e-commerce dropship transaction volumes in India.<ref name="idbi capital">{{cite web |title=IPO Note - Unicommerce Esolutions Ltd |url=https://idbicapital.com/InstitutionReports/Uploads/Unicommerce%20Solutions_IPO%20Note_06082024.pdf |website=IDBI Capital |publisher=IDBI Capital |access-date=17 May 2026}}</ref> The company is listed on BSE and NSE in India.

== History == Unicommerce was founded in February 2012 by Ankit Pruthi, Karun Singla and Vibhu Garg, who were alumni of IIT Delhi.<ref name="inc42">{{cite news |last1=Mitra |first1=Sudeshna |title=IPO-Bound Unicommerce Strengthens Board With Five Key Appointments |url=https://inc42.com/buzz/ipo-bound-unicommerce-strengthens-board-with-five-key-appointments/ |access-date=17 May 2026 |publisher=Inc42 |date=20 Dec 2023}}</ref> Singla was a former employee of ecommerce firm Snapdeal.<ref name="acquire">{{cite news |last1=Bailay |first1=Rasul |last2=Shrivastava |first2=Aditi |title=Snapdeal in talks to acquire online order management platform Unicommerce|url=https://economictimes.indiatimes.com/industry/services/retail/snapdeal-in-talks-to-acquire-online-order-management-platform-unicommerce/articleshow/45558291.cms |access-date=17 May 2026 |publisher=The Economic Times |date=18 Dec 2014}}</ref> Snapdeal was one of the earliest clients of Unicommerce and the company raised angel funding from its co-founders Kunal Bahl and Rohit Bansal. In 2013, the company received undisclosed funding from Nexus Venture Partners. In 2014, the company raised $10 million from Tiger Global.<ref>{{cite news |last1=Shrivastava |first1=Aditi |title=Unicommerce raises $10 million from US-based investment firm Tiger Global |url=https://economictimes.indiatimes.com/small-biz/startups/unicommerce-raises-10-million-from-us-based-investment-firm-tiger-global/articleshow/45067325.cms |access-date=17 May 2026 |publisher=The Economic Times |date=7 Nov 2014}}</ref>

Following an acquisition bid by Snapdeal (later rebranded as AceVector Group), the investment from Tiger Global was settled through a share allotment scheme. Snapdeal bought the company in March 2015 at a valuation of more than $40 million.<ref name="VCCircle">{{cite news |last1=Dubey |first1=Jyotindra |title=Did Snapdeal Founders Make A Killing In The Unicommerce Deal? |url=https://www.vccircle.com/did-snapdeal-founders-make-a-killing-in-the-unicommerce-deal |access-date=17 May 2026 |publisher=VCCircle |date=5 Jun 2017}}</ref> Kapil Makhija was appointed as the CEO following the resignation of the original founders of the company in 2017.<ref name="quit">{{cite news |last1=Gooptu |first1=Biswarup |title=Founders of Snapdeal-owned Unicommerce eSolutions quit |url=https://economictimes.indiatimes.com/small-biz/startups/founders-of-snapdeal-owned-unicommerce-esolutions-quit/articleshow/60177953.cms |access-date=17 May 2026 |publisher=The Economic Times |date=22 Aug 2017}}</ref>

The company filed for IPO in 2024.<ref name="entrackr">{{cite news |last1=Ashrafi |first1=Md Salman |title=E-commerce SaaS platform Unicommerce files DRHP with SEBI |url=https://entrackr.com/2024/01/e-commerce-saas-platform-unicommerce-files-drhp-with-sebi/ |access-date=17 May 2026 |publisher=Entrackr |date=6 Jan 2024}}</ref> The IPO launched in August of the same year and was oversubscribed 168 times, leading to its official listing.<ref name="standard">{{cite news |title=Unicommerce eSolutions IPO listing: Shares debut with a solid 117% premium |url=https://www.business-standard.com/markets/news/unicommerce-esolutions-ipo-listing-shares-debut-with-a-solid-117-premium-124081300422_1.html |access-date=17 May 2026 |publisher=Business Standard |date=13 Aug 2024}}</ref><ref name="mint">{{cite news |last1=Mukherjee |first1=Anubhav |title=Unicommerce IPO receives strong response, subscribed 168.35 times on third bidding day; Issue oversubscribed, check GMP |url=https://www.livemint.com/market/ipo/unicommerce-ipo-receives-strong-response-subscribed-168-35-times-on-third-bidding-day-issue-oversubscribed-check-gmp-11723136574520.html |access-date=17 May 2026 |publisher=Mint by Hindustan Times |date=8 Aug 2024}}</ref>

== Business == Unicommerce provides SaaS based order management and fulfilment platform to ecommerce and retail businesses.<ref name="business">{{cite news |last1=Mitra |first1=Sudeshna |title=IPO-Bound Unicommerce Strengthens Board With Five Key Appointments |url=https://inc42.com/buzz/ipo-bound-unicommerce-strengthens-board-with-five-key-appointments/ |access-date=17 May 2026 |publisher=Inc42 |date=20 Dec 2023}}</ref> In 2024, the company acquired Shipway to expand its logistics tracking and post-purchase automation capabilities.<ref name="shipway">{{cite news |last1=Abrar |first1=Peerzada |title=Unicommerce announces acquiring e-commerce technology platform Shipway |url=https://www.business-standard.com/companies/news/unicommerce-to-acquire-e-commerce-technology-platform-shipway-124111200953_1.html |access-date=17 May 2026 |publisher=Business Standard |date=12 Nov 2024}}</ref>

Unicommerce achieved profitability in fiscal year 2021, driven by increased e-commerce transaction volumes in India. The company has remained continuously profitable since.<ref name="dhan">{{cite web |title=Unicommerce eSolutions |url=https://dhan.co/stocks/unicommerce-esolutions-ltd-financial-results/ |website=Dhan |publisher=Raise Securities Private Limited |access-date=17 May 2026}}</ref>

== See also == * E-commerce in India * Software as a Service

== References == {{reflist}}

Category:Companies based in Gurgaon Category:Companies based in Haryana Category:Companies listed on the Bombay Stock Exchange Category:Companies listed on the National Stock Exchange of India Category:Software companies of India Category:E-commerce in India Category:E-commerce software