Unicommerce eSolutions Limited has finalized the acquisition of the remaining 57.24% stake in Shipway Technology Private Limited, taking full control of the courier aggregation platform.
This move follows Unicommerce’s initial purchase of a 42.76% stake in Shipway for Rs 68.4 crore on December 17, 2024. To complete the acquisition, Unicommerce will issue 60,33,189 equity shares through a preferential allotment. The share swap ratio for this transaction stands at 1:8.9, meaning Shipway’s promoters and non-promoter shareholders will receive 1 Unicommerce share for every 8.9 shares of Shipway they hold.
With this deal, Shipway will now operate as a wholly-owned subsidiary of Unicommerce. The acquisition received approval from Unicommerce’s Board of Directors on March 20, 2025, and is pending shareholder approval.
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Although Unicommerce had initially planned to acquire the entire company within a year under the terms set in December, the accelerated timeline suggests a push for faster integration. The move is expected to strengthen Unicommerce’s market position, allowing it to offer a more comprehensive range of e-commerce enablement solutions.
By combining forces, Unicommerce aims to widen its total addressable market and offer a seamless, integrated suite of technology products. The company’s flagship product, Uniware, already handles key back-end operations like inventory management, multi-channel order processing, warehouse management, and returns handling.
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Shipway brings logistics expertise to the table with its courier aggregation and shipping automation platform, while Convertway, another offering, provides AI-powered marketing automation to drive e-commerce conversions and sales. Together, these solutions position Unicommerce as a robust, end-to-end e-commerce technology provider.
