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Unicommerce Acquires 42.76% Stake In Shipway

  • Ecommerce SaaS company Unicommerce has acquired a 42.7% stake in ecommerce shipping solutions provider Shipway for INR 68.4 Cr.
  • Unicommerce plans to acquire a 100% stake in Shipway within a year via a merger or stock swap.
  • The acquisition allows Unicommerce to expand its solutions into courier aggregation, shipping automation, and returns reduction.
  • Shipway's marketing solution 'ConvertWay' will enable brands to undertake SMS and WhatsApp marketing campaigns.

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