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IPO-bound Unicommerce on overseas expansion spree

Economic Times

Economic Times · 1y ago

IPO-bound Unicommerce on overseas expansion spree

IPO-bound SaaS platform Unicommerce is expanding its overseas operations by adding more clients in Singapore, the Philippines, Indonesia, UAE, and Saudi Arabia. The company already serves 46 clients in these markets, including Redtag, Edamama, and RSA Global. Unicommerce offers e-commerce enablement solutions and its product portfolio includes order management, warehouse and inventory management, and omnichannel retail management systems. It provides local taxation support, language-specific invoices, and shipping label generation for international clients. Unicommerce is the only profitable company among the top five players in its segment in India. The IPO is expected to raise around Rs 500 crore.

Related News

IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO | Mint

Livemint

Livemint · 1y ago

IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO | Mint

Indian e-commerce enablement company Unicommerce plans to prioritize profitability even after its upcoming IPO, CEO Kapil Makhija said. Their growth strategy is centered around domestic and international expansion, as well as launching new products. Unicommerce aims to increase its penetration in India by attracting more brands and boosting revenue from existing ones. Additionally, the company plans to expand in Southeast Asia and the Middle East and potentially explore other geographies like Africa, Latin America, and Europe. Unicommerce offers a range of solutions to streamline business operations for sellers and direct-to-consumer brands.

Unicommerce to raise Rs 20 crore from promoter Acevector via preferential share issue - The Economic Times

Economic Times

Economic Times · 16d ago

Unicommerce to raise Rs 20 crore from promoter Acevector via preferential share issue - The Economic Times

Unicommerce Esolutions plans to raise Rs 20 crore through the preferential issue of 14.40 lakh equity shares at Rs 139 per share to its promoter, Acevector Limited. The funds aim to enable strategic acquisitions in India or overseas. Recently, Unicommerce completed acquiring the remaining 57.24% stake in Shipway Technology, expanding its service offerings. Moreover, the company seeks growth through client acquisition, cross-selling, overseas expansion, and enhancing its product lineup, reporting a 64% YoY increase in revenue.

Unicommerce Sets IPO Price Band At INR 102-108, Aims To Raise Over INR 276.5 Cr

Inc42 · 1y ago

Unicommerce Sets IPO Price Band At INR 102-108, Aims To Raise Over INR 276.5 Cr

Unicommerce, a startup, is set to raise over INR 276.57 Crores in its upcoming IPO, which consists solely of an offer for sale (OFS) aggregating up to 2.56 Crore equity shares. The IPO will open for bidding on August 6 and close on August 8.

Unicommerce IPO: Promoter AceVector To Make 4.6X Returns, SoftBank To Mint 3.5X Gains

Inc42 · 1y ago

Unicommerce IPO: Promoter AceVector To Make 4.6X Returns, SoftBank To Mint 3.5X Gains

AceVector, formerly known as Snapdeal, plans to sell 9.44 million shares of Unicommerce through the Offer For Sale (OFS) component of the Initial Public Offering (IPO). Unicommerce's IPO consists of only an OFS of 25.6 million shares, with a price range of INR 102 to INR 108 per share. SoftBank, another seller in FirstCry's IPO, is expected to make a return of 3.5 times by selling a portion of its stake in Unicommerce.

Ex-Citibank exec Gadodia plans investment fund to back IPO-bound manufacturing firms

VCCircle

VCCircle · 1y ago

Ex-Citibank exec Gadodia plans investment fund to back IPO-bound manufacturing firms

Former Citibank executive Hemant Gadodia is launching an alternative investment fund that will focus on mid-sized manufacturing companies planning to go public in India. Gadodia's two-year-old investment bank is awaiting formal approval for the fund, which will be a Category-II AIF. The aim is to support IPO-bound manufacturing firms and provide them with capital for growth and expansion.

SoftBank may get 106% gains from Ola Electric, 2 more IPOs: Report

Inshorts · 1y ago

SoftBank may get 106% gains from Ola Electric, 2 more IPOs: Report

SoftBank may get 106% returns on cumulative investments worth ₹7,085 crore in Ola Electric, FirstCry and Unicommerce, all of which may list in next two weeks, Moneycontrol's analysis of the startups' offer documents showed. SoftBank is selling FirstCry and Unicommerce shares at three times the prices it bought them for. It'll hold ₹11,011-crore shares in the startups post the IPO.

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

Economic Times

Economic Times · 2m ago

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

AceVector, the parent company of Snapdeal, has filed confidential draft papers with India's market regulator, Sebi, to launch an IPO. The company also operates Unicommerce and Stellar Brands, with Unicommerce going public in 2024. The confidential filing route allows more flexibility, gaining popularity among firms like Swiggy and PhysicsWallah. This method extends the IPO timeline, allowing companies to better plan and adjust their offerings.

JSW Cement promises expansion spree to double capacity but says no to buyouts

Livemint

Livemint · 1m ago

JSW Cement promises expansion spree to double capacity but says no to buyouts

JSW Cement plans to double its production capacity to 42 million tonnes within four years by using IPO proceeds and group synergies, according to managing director Parth Jindal. The company aims to leverage access to slag from JSW Steel to produce cost-effective GGBS cement. This expansion targets a greater presence in central and northern India, with the goal of increasing its market share from the current 3% to 10% in India’s competitive cement industry.

IPO-Bound Swiggy expands into Lakshadweep amid layoff plan

Inc42 · 1y ago

IPO-Bound Swiggy expands into Lakshadweep amid layoff plan

Food delivery platform Swiggy has expanded its services to Lakshadweep's Agatti island city, becoming the first online food delivery platform to enter the region. The move aims to support local restaurants, empower local culinary talents, and enhance the dining experience for visitors. Swiggy's expansion comes as the company plans to downsize its workforce by around 6%. Despite the layoffs, Swiggy continues to focus on growth and profitability, with plans to go public in mid-2024 through what is expected to be the largest IPO by an internet company, with an issue size of $1 billion.

IPO-bound Wakefit inches towards profitability, narrows FY24 losses

YourStory

YourStory · 2m ago

IPO-bound Wakefit inches towards profitability, narrows FY24 losses

Wakefit, an omnichannel retailer, is moving towards profitability as it gears up for its IPO. It reported a significant reduction in losses, from Rs 145.68 crore in FY23 to Rs 15.05 crore in FY24. Revenue rose 21.9% to Rs 986.35 crore, driven by increased sales across its product categories. Despite rising expenses due to expansion efforts, the company plans further growth by opening new stores and setting up a 'Jumbo' store.

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