Unicommerce eSolutions Ltd. has announced its strategic acquisition of Shipway Technology Private Limited, a Gurgaon-based e-commerce technology automation company, for INR 68.4 crore as part of its ongoing effort to bolster its position in the e-commerce enablement space. This acquisition will enhance Unicommerce’s capabilities in both pre- and post-purchase e-commerce solutions.
The acquisition will be executed in two tranches. In the first phase, Unicommerce will acquire a 42.76% stake in Shipway Technology for INR 68.4 crore in cash, granting Unicommerce substantial control over Shipway’s operations. The remaining shares will be acquired through a merger or stock swap, giving Unicommerce 100% ownership by Q3 FY 2025-26.
Shipway Technology, founded in 2015, is known for its innovative e-commerce solutions with two main platforms: “Shipway,” an automated shipping solution, and “ConvertWay,” a customer engagement platform focusing on SMS and WhatsApp automation. This acquisition aligns with Unicommerce’s vision to deliver comprehensive e-commerce enablement, fostering customer relationships across all stages of the e-commerce journey.
Shipway Technology has shown impressive growth, with its revenue reaching INR 425.56 million in FY 2023-24, up from INR 101.72 million in FY 2022-23.
