Unicommerce Finalizes Full Acquisition of Shipway
E-commerce SaaS firm Unicommerce has completed the full acquisition of shipping solution provider Shipway via a share swap deal involving equity issuance.
Elena Whitmore 
Share swap agreement finalizes 100% acquisition
Unicommerce eSolutions has moved to acquire the remaining shares of Shipway, a logistics technology firm, through a share swap deal approved by SEBI. The agreement involves the issuance of 6,033,189 equity shares by Unicommerce in exchange for 7,610 equity shares of Shipway currently held by Vikas Garg, Gaurav Gupta, and Puneet Gupta. This transaction, valued at around 60 million Indian rupees (approximately $695,000), transitions Shipway into a wholly owned subsidiary of Unicommerce.
The move follows an earlier investment made in November 2023, when Unicommerce acquired a 42.7% stake in Shipway for Rs 684 million (roughly $7.92 million). That partial acquisition was aimed at broadening Unicommerce’s portfolio of integrated services for e-commerce operations.
Shipway: A tech provider for D2C fulfillment
Founded in 2015 by Gaurav Gupta and Vikas Garg, Shipway specializes in post-purchase automation for direct-to-consumer (D2C) brands. The platform offers tools to automate order tracking, notifications, returns, and customer support after a purchase is made. Its solutions are designed to streamline logistics communications and improve transparency for both brands and customers.
In 2021, IndiaMART InterMESH had acquired a 26% stake in the company for Rs 182 million (approximately $2.11 million), further validating Shipway’s position within India’s e-commerce ecosystem.
Unicommerce expands regional reach and service suite
Unicommerce, owned by Ace Vector, supports some of India’s leading e-commerce players by offering end-to-end operational tools. The company works closely with brands, marketplaces, and logistics providers across the country. Beyond domestic operations, Unicommerce has also established a presence in the Middle East and Southeast Asia, expanding its footprint in key international markets.
Since going public in August 2024, Unicommerce reported revenue of Rs 293 million (roughly $3.39 million) in the second quarter of fiscal year 2025, along with a net profit of Rs 44 million (around $510,000). The full acquisition of Shipway is expected to strengthen its capabilities in post-purchase experience management, positioning the company for further growth in the logistics tech segment.
