Unicommerce eSolutions Completes Full Acquisition of Shipway, Strengthening E-commerce Solutions Portfolio
Unicommerce eSolutions Limited has acquired the remaining 57.24% stake in Shipway Technology Private Limited, making it a wholly-owned subsidiary. The acquisition, valued at ₹940.00 crore, involves a share swap of 60,33,189 Unicommerce shares for 7,610 Shipway shares. This strategic move enhances Unicommerce's e-commerce enablement capabilities, adding Shipway's courier aggregation and ConvertWay's customer data platforms to its portfolio. The combined entity will serve over 7,000 businesses across 29,000 pin codes, with minimal client overlap. Shipway's revenue grew from ₹49.92 million in FY2021-22 to ₹425.56 million in FY2023-24, highlighting the sector's growth potential.

*this image is generated using AI for illustrative purposes only.
Unicommerce eSolutions Limited , a leading e-commerce technology solutions provider, has announced the completion of its acquisition of the remaining 57.24% stake in Shipway Technology Private Limited. This strategic move, approved by Unicommerce's Board of Directors on March 20, 2025, will transform Shipway into a wholly-owned subsidiary, significantly expanding Unicommerce's e-commerce enablement capabilities.
Acquisition Details
The acquisition involves a share swap, with Unicommerce issuing 60,33,189 equity shares at ₹155.80 per share in exchange for 7,610 shares of Shipway. This transaction values Shipway at approximately ₹940.00 crore, reflecting the high-growth potential of the e-commerce solutions sector.
Particulars | Details |
---|---|
Shares Issued by Unicommerce | 60,33,189 |
Issue Price per Share | ₹155.80 |
Shipway Shares Acquired | 7,610 |
Implied Valuation of Shipway | ₹940.00 crore |
Strategic Rationale
The full acquisition of Shipway aligns with Unicommerce's vision to offer a comprehensive e-commerce enablement platform. Shipway brings two key products to Unicommerce's portfolio:
- Shipway: An advanced courier aggregation and shipping automation solution.
- ConvertWay: A customer data and marketing platform focused on SMS and WhatsApp automation.
This integration is expected to strengthen Unicommerce's ability to serve the entire e-commerce journey, from pre-purchase marketing to post-purchase logistics and customer engagement.
Market Impact
With this acquisition, Unicommerce significantly expands its market reach:
- Combined client base of over 7,000 businesses serving 10,000+ brands in India
- Only 5% overlap in existing clients, presenting substantial cross-selling opportunities
- Shipway's strong presence across 29,000 pin codes and integration with 15+ courier partners
Financial Highlights
Shipway has demonstrated impressive growth in recent years:
Fiscal Year | Revenue (in millions) |
---|---|
2023-24 | ₹425.56 |
2022-23 | ₹101.72 |
2021-22 | ₹49.92 |
This rapid revenue growth underscores the potential value this acquisition brings to Unicommerce.
Looking Ahead
Kapil Makhija, CEO of Unicommerce, commented on the acquisition: "The integration of Shipway into Unicommerce marks a significant milestone in our journey to become the most comprehensive e-commerce enablement platform in India. This acquisition not only expands our product suite but also enhances our ability to serve a wider range of e-commerce businesses across various stages of their growth."
The transaction is subject to shareholder approval and other regulatory clearances. Unicommerce expects to complete the acquisition within 15 days of receiving all necessary approvals.
As the e-commerce sector in India continues to evolve rapidly, this strategic move positions Unicommerce to capitalize on the growing demand for integrated e-commerce solutions, potentially driving significant value for its shareholders in the coming years.
Historical Stock Returns for Unicommerce e-Solutions
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.92% | +2.07% | +15.28% | -40.29% | -39.56% | -39.56% |