Top News

Snapdeal acquires e-commerce management solution provider Unicommerce

Unicommerce will
be merged with Snapdeal-promoter Jasper, according to documents with the
registrar of companies.

E-commerce firm Snapdeal.com,
promoted by Jasper Infotech Pvt. Ltd, has reportedly bought e-commerce
management and fulfillment solution provider Unicommerce eSolutions Pvt. Ltd
for an undisclosed amount, reports Live
Mint
.

Unicommerce will
be merged with Snapdeal-promoter Jasper, according to documents with the
registrar of companies.

E-commerce firm Snapdeal.com,
promoted by Jasper Infotech Pvt. Ltd, has reportedly bought e-commerce
management and fulfillment solution provider Unicommerce eSolutions Pvt. Ltd
for an undisclosed amount, reports Live
Mint
.

The acquisition
of Unicommerce will help Snapdeal
manage everything from vendors to inventory and from warehouse to shipment and
returns. According to documents filed with the registrar of companies, Unicommerce
will be merged with Jasper Infotech.

Sin a bid to
develop an integrated logistics network, Snapdeal is also investing Rs.25 crore,
separately, in its wholly owned logistics unit Vulcan Express Pvt. Ltd. Vulcan
currently manages transit warehouses for Snapdeal across the country, reports
Live Mint, citing sources.

In October, Snapdeal
raised $627 million from Japan’s Softbank. Earlier this month, it bought a 20%
stake in logistics firm Gojavas for Rs.120 crore. The firm is also close to
announcing the acquisition of online recharge and coupon portal Freecharge.

Unicommerce,
which currently provides its software to companies including Myntra, Snapdeal,
Jabong, Groupon and HealthKart, has received investment from Nexus Venture
Partners and Snapdeal founders Kunal Bahl and Rohit Bansal.

Founded in 2012
by three graduates from IIT, Delhi—Ankit Pruthi, Karun Singla and Vibhu Garg — Unicommerce
offers a pay-per-use web-based solution that helps small merchants and
e-commerce firms manage orders from the time they are placed till when products
are delivered.

Co-Founder
Bansal recently told the media that Snapdeal plans to invest more than $150-200
million over the next year in supply chain and logistics. The online
marketplace is reportedly eyeing as many as five acquisitions in the technology
space this year.

 

 

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close