Unicommerce Completes Acquisition of Remaining 57.24% Stake in Shipway

Unicommerce has completed the acquisition of the remaining 57.24% stake in Shipway through a share swap deal, making Shipway a wholly-owned subsidiary. This acquisition enhances Unicommerce's e-commerce enablement capabilities with courier aggregation and shipping automation solutions. The deal involves issuing 60.33 lakh Unicommerce shares to Shipway's founders and shareholders. This strategic move aligns with Unicommerce's goal to offer comprehensive e-commerce solutions, expanding its product suite to cover pre and post-purchase segments.

 

Source Name: Inc42, Business Standard, Unicommerce