Unicommerce to Acquire Shipway, Exiting Stakeholders Including IndiaMART
Deal News | Nov 11, 2024 | EIN
In a significant development within the logistics software sector, Softbank-backed Unicommerce eSolutions has announced its acquisition of Shipway, a logistics software-as-a-service company based in Gurugram, India. This acquisition, structured as a cash and stock deal, aims to enhance Unicommerce's position in the e-commerce logistics solutions market. The transaction provides an exit for investors of Shipway including IndiaMART, a Noida-based company. The acquisition involves a payment of Rs 68.4 crore and is part of Unicommerce’s strategic expansion plans under the AceVector Group, which also owns Snapdeal. Unicommerce, recognized for its e-commerce focused SaaS solutions, aims to leverage Shipway’s technology to bolster its logistics capabilities and service offerings.
Sectors
- E-commerce
- Logistics Software
Geography
- India – The primary geographical focus of the article, as both Unicommerce and Shipway are based in India.
Industry
- E-commerce – The industry related to online transactions and digital marketplaces, relevant due to Unicommerce's involvement in e-commerce solutions.
- Logistics Software – The industry related to software solutions for logistics and supply chain management, relevant due to Shipway's operations.
Financials
- Rs 68.4 crore – The amount paid by Unicommerce to acquire Shipway, consisting of cash and stock.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Unicommerce eSolutions | Bidding Company/Buyer | Company | An e-commerce-focussed SaaS provider acquiring Shipway. |
| Shipway | Target Company | Company | A Gurugram-based logistics software-as-a-service company being acquired. |
| IndiaMART | Selling Company/Vendor | Company | A Noida-based company providing an exit in the Shipway acquisition. |
| AceVector Group | Other Company | Company | Parent company of Unicommerce, which also owns Snapdeal. |