Unicommerce eSolutions, a leading provider of e-commerce enablement solutions, saw its shares rise by 2.45% to Rs 123 after successfully completing the acquisition of a 100% stake in Shipway Technology. The deal strengthens Unicommerce’s presence in the e-commerce and logistics space, reinforcing its end-to-end order fulfillment solutions.

Strategic Expansion with Shipway Acquisition

Initially, Unicommerce acquired a 42.76% stake in December 2024 for Rs 68.4 crore. The company has now secured the remaining 57.24% stake, making Shipway Technology a wholly owned subsidiary. The transaction, valued at over Rs 68 crore, will be executed through a preferential issue of over 60 lakh equity shares at a share swap ratio of 1:8.9. The Board approved the deal on March 20, subject to shareholder approval.

Shipway’s Capabilities and Market Reach

Shipway Technology specializes in logistics automation, processing over 35 million annual transactions and serving 29,000+ pin codes. With integration across 15+ courier partners, Shipway enhances Unicommerce’s existing inventory, warehouse, and order management solutions.

With this acquisition, Unicommerce now serves 7,000+ businesses and 10,000+ brands, with only 5% client overlap, presenting substantial cross-selling opportunities.

Senior Management Resignations Announced

During the Board meeting, Unicommerce announced the resignation of senior executives, including:

• Prateek Mahajan (Director - Operations)

• Pranay Kale (Head of India - Sales)

• Vaibhav Malhotra (Senior Director - Marketing)

These leadership changes come at a crucial time as Unicommerce strengthens its position in the e-commerce technology market.

Stock Market Reaction & Future Prospects

Following the acquisition announcement, Unicommerce eSolutions’ share price gained 2.45%, indicating positive investor sentiment. With logistics automation becoming crucial in e-commerce, this move is expected to bolster Unicommerce’s growth trajectory.

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