Unicommerce Raises $10 Mn From Tiger Global

Unicommerce Raises $10 Mn From Tiger Global

Online multi channel order fulfillment platform Unicommerce has raised $10 Mn in a funding round led by investment firm Tiger Global, says reports. According to a source close to the development, the startup plans to infuse the raised funds to expand its geographical reach and increase its sales and marketing efforts.

Launched in 2012 by three classmates from IIT Delhi, Ankit Pruthi, Karun Singla and Vibhu Garg, Unicommerce enables ecommerce merchants of all sizes to sell more by making it easy for them to manage selling at multiple marketplaces and carts.

We tried reaching out to Ankit Pruthi and are still awaiting his response. He seems to have read our message on Whatsapp (courtesy yesterday’s Whatsapp new feature release) but hasn’t responded yet.

Inventory management plays a crucial role in achieving success when it comes to online businesses. Keeping real time track on correct inventory level in all channels and allocating inventory to orders are too important to be done manually. Unicommerce allows automate it, define criteria, and set priorities for inventory.

It’s flagship product, Uniware manages the complete order fulfillment lifecycle by providing updates and by automating everything from order placement by the customer to the time they receive their order.

Unicommerce comes integrated with marketplaces and cart solutions including Shopify, Magento, Amazon, Ebay, Flipkart, Snapdeal and many more.

In 2013, it had raised an undisclosed amount in funding from  Nexus Venture Partners. Snapdeal co-founders Kunal Bahl and Rohit Bansal are also angel investors in the startup.

Unicommerce competes with Browntape. Last month, KartRocket had raised $2 Mn in its Series A round led by Nirvana Venture Advisors, 500 Startups and Japan-based Beenos (NetPrice).

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Inc42 Magazine is an online startup magazine that covers some of the best startups and entrepreneurs in the India ecosystem. We also feature numerous guest posts and resources by leading experts from across the industry, including many from the Silicon Valley and Bay Area.
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