Unicommerce's Shipway Partners with ElasticRun for Enhanced Same-Day and Next-Day Delivery Services

2 min read     Updated on 18 Feb 2026, 03:34 PM
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Ashish TScanX News Team
Overview

Unicommerce eSolutions Limited announced that Shipway has integrated with ElasticRun to enhance same-day and next-day delivery services across 6 major cities including Delhi, Mumbai, Bengaluru, Hyderabad, Pune and Kolkata. The partnership combines Shipway's logistics technology with ElasticRun's AI-driven delivery network to help e-commerce and D2C brands meet rising consumer expectations for faster deliveries without building their own hyperlocal infrastructure. The integration currently covers intra-city movements with plans to expand to inter-city deliveries.

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*this image is generated using AI for illustrative purposes only.

Unicommerce eSolutions Limited announced a strategic integration between its shipping platform Shipway and ElasticRun to enhance same-day and next-day delivery capabilities for e-commerce and D2C brands. The partnership aims to address rising consumer expectations for faster deliveries across metropolitan and tier-1 cities.

Strategic Partnership Details

The integration combines Shipway's logistics technology with ElasticRun's locally operated delivery network, enabling brands to offer faster last-mile deliveries without establishing their own hyperlocal infrastructure. This collaboration addresses the growing demand for rapid fulfilment that has expanded beyond quick-commerce to encompass broader retail categories.

Partnership Highlights: Details
Cities Covered: 6 major cities
Service Areas: Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Kolkata
Delivery Types: Same-day and next-day deliveries
Current Scope: Intra-city hyperlocal movements
Future Plans: Inter-city movements expansion

Market Response to Delivery Speed Demands

Same-day and next-day fulfilment requirements have evolved from select quick-commerce use cases to broader applications across brand websites, marketplaces, and hybrid retail models. Delivery timelines for everyday categories including FMCG, personal care, and fashion are increasingly influencing purchase decisions and overall customer experience.

Brands using Shipway's platform can now access real-time tracking, issue management, and performance insights while reducing logistics costs through smart routing capabilities. The integration particularly benefits businesses operating through warehouses, dark stores, and local hubs.

Leadership Perspectives

Sandeep Deshmukh, Co-Founder & CEO of ElasticRun, emphasized their technology-first approach: "At ElasticRun, we operate as a technology-first, speed-led fulfilment partner, using AI-driven intelligence to enable faster, more reliable same-day and next-day deliveries at scale. Our integrated platform leverages AI for smarter inventory placement, routing, and last-mile execution across the country."

Kapil Makhija, MD & CEO of Unicommerce, highlighted market trends: "As everyday-use categories such as FMCG, personal care, fashion, and essentials become a growing part of India's retail and e-commerce market, consumer expectations around faster deliveries are increasing. With ElasticRun's hyperlocal network integrated with Shipway, brands are better placed to meet these needs."

Company Profile and Market Position

Unicommerce serves over 7,500 clients across India, Southeast Asia, and the Middle East, including notable brands such as FabIndia, Lenskart, Timex, TCNS, Mamaearth, Emami, Urban Company, Healthkart, boAt, TMRW, Mensa, and Landmark Group. The company offers a comprehensive suite of SaaS products including:

  • Uniware: Inventory management and multi-channel order processing
  • Shipway: Courier aggregation and shipping automation
  • Convertway: AI-enabled marketing automation platform

Founded in 2012, the company maintains ISO 27001 and ISO 27701 certifications for information security and data privacy standards and is listed on the National Stock Exchange of India Limited and BSE Limited.

Historical Stock Returns for Unicommerce eSolutions

1 Day5 Days1 Month6 Months1 Year5 Years
-1.70%+12.96%+4.00%-7.32%-1.09%-44.50%
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Unicommerce eSolutions Reports 72.2% YoY Revenue Growth in Q3 FY26 Results

2 min read     Updated on 14 Feb 2026, 06:49 PM
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Reviewed by
Shriram SScanX News Team
Overview

Unicommerce eSolutions delivered robust Q3 FY26 financial performance with revenue growing 72.2% YoY to Rs. 56.39 crores and Adjusted EBITDA increasing 51.0% to Rs. 13.40 crores. The company added 110+ enterprise clients during the quarter and launched three AI capabilities across its platforms, achieving an ARR exceeding Rs. 225 crores.

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Unicommerce eSolutions Limited announced robust financial results for the quarter and nine months ended December 31, 2025, showcasing exceptional growth across all key metrics. The company's board approved these audited results at their meeting on February 14, 2026, with an investor presentation released under Regulation 30 of SEBI Listing Regulations.

Strong Q3 FY26 Performance

The company delivered outstanding consolidated financial performance in Q3 FY26, with revenue growing 72.2% year-over-year to Rs. 56.39 crores compared to Rs. 32.74 crores in Q3 FY25. This growth was driven by strong performance across all platforms - Uniware, Shipway, and Convertway. The company achieved an Annual Recurring Revenue (ARR) of over Rs. 225 crores.

Metric: Q3 FY26 Q3 FY25 YoY Growth
Revenue: Rs. 56.39 Cr Rs. 32.74 Cr 72.2%
Adjusted EBITDA: Rs. 13.40 Cr Rs. 8.90 Cr 51.0%
PAT: Rs. 7.39 Cr Rs. 6.29 Cr 17.4%
Adjusted EBITDA Margin: 23.8% 27.1% (335 bps)

Nine-Month FY26 Highlights

For the nine-month period, Unicommerce reported consolidated revenue of Rs. 152.71 crores, representing a 70.6% increase from Rs. 89.52 crores in 9M FY25. The company surpassed its full-year FY25 revenue and Adjusted EBITDA within just nine months, demonstrating strong execution and scale efficiencies.

Parameter: 9M FY26 9M FY25 YoY Growth
Revenue: Rs. 152.71 Cr Rs. 89.52 Cr 70.6%
Adjusted EBITDA: Rs. 34.30 Cr Rs. 19.50 Cr 75.8%
PAT: Rs. 17.06 Cr Rs. 14.28 Cr 19.5%
Adjusted EBITDA Margin: 22.5% 21.8% 66 bps

Platform-Wise Performance and AI Innovation

Uniware achieved growth driven by acceleration in new enterprise client acquisitions, adding 110+ enterprise new clients during Q3 FY26. The platform's new products, including UniReco payment reconciliation module and UniCapture VMS, continue to create revenue expansion opportunities among enterprise clients.

Shipway and Convertway posted impressive growth in annualized revenue run-rate to approximately Rs. 100 crores in Q3 FY26. During the quarter, Shipway launched Shipway Cargo for bulky B2B shipments and warehouse transfers, along with a new mobile application for multi-location operations.

AI-First Transformation

The company has been undergoing strategic transformation from AI-enabled to AI-first platforms. During the reporting period, three AI capabilities were launched: Catalyst AI Voice Agent for Convertway, UniBot AI Assistant for Uniware, and ShipSense AI Courier Allocation for Shipway. These innovations enhance product differentiation and expand monetization opportunities.

Leadership and Outlook

Managing Director & CEO Kapil Makhija highlighted the strong performance with consolidated revenue representing an annualized run-rate exceeding Rs. 225 crores and Adjusted EBITDA run-rate of Rs. 53 crores. The company welcomed Gaurav Juneja as Chief Revenue Officer, bringing cross-sector experience from Kapture, Google India, Reliance Retail, and StarQuik.

CFO Anurag Mittal emphasized the company's focus on maintaining cost discipline while delivering sustainable and profitable growth, expecting Uniware to deliver double-digit growth from Q4 FY26 onwards.

Historical Stock Returns for Unicommerce eSolutions

1 Day5 Days1 Month6 Months1 Year5 Years
-1.70%+12.96%+4.00%-7.32%-1.09%-44.50%
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