# Unicommerce

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> Markdown URL: https://mediated.wiki/source/Unicommerce.md
> Source: https://en.wikipedia.org/wiki/Unicommerce
> Source revision: 1354620103
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{Infobox company
| name                = Unicommerce eSolutions Limited
| logo                = 
| trade_name          = Unicommerce
| type                = [Public](/source/Public_company)
| traded_as           = {{ubl|{{BSE|544227}}|{{NSE|UNIECOM}}}}
| ISIN                = <!-- {{ISIN|sl=n|pl=y|...}} -->
| industry            = [SaaS](/source/Software_as_a_service)
| founded             = {{Start date and age|2012|02}}
| founder             = Karun Singla<br>Vibhu Garg<br>Ankit Pruthi
| hq_location_city    = [Haryana](/source/Haryana), [Gurugram](/source/Gurugram)
| hq_location_country = India
| num_locations       = 
| num_locations_year  = <!-- Year of num_locations data (if known) -->
| area_served         = India, [Middle East](/source/Middle_East), [Southeast Asia](/source/Southeast_Asia)
| key_people          = Kapil Makhija ([MD & CEO](/source/Chief_executive_officer))
| services            = [SaaS](/source/Software_as_a_service), [Warehouse management](/source/Warehouse_management_system), [Logistics](/source/Logistics)
| owner               = <!-- or: owners = -->
| parent              = 
| subsidiaries        = 
| website             = {{URL|https://unicommerce.com/}}
}}

Unicommerce (officially Unicommerce eSolutions Limited) is an Indian technology company that provides an [e-commerce](/source/e-commerce) enablement [SaaS](/source/Software_as_a_service) platform and is headquartered in Gurugram, India. In [fiscal year](/source/fiscal_year) 2023, Unicommerce's software platform processed 20% to 25% of all e-commerce [dropship](/source/Drop_shipping) 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](/source/Bombay_Stock_Exchange) and [NSE](/source/National_Stock_Exchange_of_India) in India.

== History ==
Unicommerce was founded in February 2012 by Ankit Pruthi, Karun Singla and Vibhu Garg, who were alumni of [IIT Delhi](/source/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](/source/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](/source/Seed_money) from its co-founders [Kunal Bahl](/source/Kunal_Bahl) and Rohit Bansal. In 2013, the company received undisclosed [funding](/source/Venture_capital) from [Nexus Venture Partners](/source/Naren_Gupta). In 2014, the company raised $10 million from [Tiger Global](/source/Tiger_Global_Management).<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](/source/Takeover) 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](/source/Initial_public_offering) 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](/source/Order_fulfillment) 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](/source/E-commerce_in_India)
* [Software as a Service](/source/Software_as_a_Service)

== References ==
{{reflist}}

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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

{{India-company-stub}}

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Adapted from the Wikipedia article [Unicommerce](https://en.wikipedia.org/wiki/Unicommerce) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Unicommerce?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.