Unicommerce eSolutions Ltd. has announced the completion of its full acquisition of Shipway Technology Pvt. Ltd., a leading courier aggregation platform. The company had initially acquired a 42.76% stake in Shipway on December 17, 2024, for Rs 68.4 crore, and has now completed the acquisition of the remaining 57.24% stake, making Shipway a wholly owned subsidiary.
Key Details of the Acquisition:
- The acquisition is facilitated through a preferential issue of equity shares by Unicommerce in exchange for Shipway shares.
- 60,33,189 equity shares of Unicommerce will be issued.
- Share swap ratio: 1:8.9
- Approved by the Board of Directors on March 20, 2025, subject to shareholder approval.
Strategic Implications:
- Expanded Market Reach: Shipway’s integration significantly broadens Unicommerce’s total addressable market, making it a one-stop shop for e-commerce enablement solutions.
- Cross-Sell Opportunities: With only 5% client overlap, the acquisition presents immediate business expansion potential.
- Strong Logistics Network: Shipway manages 35Mn+ annual transactions across 29,000+ pin codes, collaborating with 15+ courier partners.
This acquisition strengthens Unicommerce’s position in the e-commerce logistics and enablement sector, offering businesses enhanced supply chain management and technology-driven automation solutions.
