Unicommerce To Raise INR 20 Cr From Parent AceVector

Listed ecommerce SaaS company Unicommerce is set to raise its maiden investment since its listing on the bourses last year with the allotment of 14.4 Lakh equity shares on a preferential basis to parent company AceVector Ltd for a total of INR 19.99 Cr. 

The equity shares are being allotted to AceVector, also the parent company of Snapdeal, at INR 138.87 apiece, marking a slight discount from the stock’s closing price of INR 139.65 today.  

The company will seek shareholders’ nod on the investment during its annual general meeting. It is yet to announce the date for the same. 

Unicommerce said that it would be raising the funds to create a “pool of resources that may allow the company to pursue strategic acquisitions in India or abroad”.

In its Q1 earnings call, Unicommerce CEO Kapil Makhija said that the company was in active discussions for acquisitions to expand its offerings for ecommerce businesses. 

“There are many white spaces that continue to be there, and we will continue to explore both organic and inorganic expansion through either our product launches or a strategic acquisition to be able to serve the ecommerce ecosystem being a one stop shop for ecommerce enablement,” Makhija had said.

Since its listing in August 2024, Unicommerce has acquired courier aggregator platform Shipway to strengthen its offerings in the ecommerce enablement space. Besides Shipway, Unicommerce’s offerings include ecommerce marketing automation tool Convertway and order processing platform Uniware.

On the financial front, the ecommerce-focussed SaaS company posted a 11% YoY jump in its net profit to INR 3.9 Cr in Q1 FY26. Meanwhile, its topline zoomed 63% YoY to INR 44.9 Cr in the quarter under review.

Important to mention that AceVector’s stake in the startup has remained near constant since its listing. Its shareholding in the company stood at 28.19% at the end of June quarter, down slightly from 28.42% on August 8, 2024.

“The investment strengthens Unicommerce’s ability to pursue strategic M&A opportunities, following the successful acquisition of Shipway. Shipway is now an integral part of AceVector’s digital commerce ecosystem, reinforcing its disciplined approach to value creation through acquisitions and expanding its presence in India’s ecommerce sector,” AceVector said in a statement. 

Meanwhile, AceVector, which also houses Stellaro Brands, has also filed its IPO papers with the SEBI, confidentially. The company is expected to raise INR 500 Cr via the issue, which will largely consist of a fresh issue.

Shares of Unicommerce ended today’s trading session up 6.89% at INR 139.65.