Unicommerce eSolutions has completed the full acquisition of Shipway Technology Private Limited, a leading courier aggregation platform, by acquiring the remaining 57.24% stake in the company. Unicommerce had previously acquired a 42.76% stake in December 2024 for ₹68.4 crore and has now made Shipway its wholly owned subsidiary.
The acquisition was finalized through a preferential share swap, with Unicommerce issuing 60,33,189 equity shares in exchange for Shipway shares held by the promoters and other stakeholders. The share swap ratio stands at 1:8.9, reflecting Unicommerce’s strategic aim to accelerate the integration process.
The Board of Directors at Unicommerce approved the acquisition on March 20, 2025, pending shareholder approval. Although the initial terms of the December 2024 deal allowed Unicommerce up to a year to complete the acquisition, the process was fast-tracked to enhance synergies between the two companies.
E-commerce Enablement and Client Reach
The acquisition is expected to significantly expand Unicommerce’s total addressable market. The integration of Shipway’s courier aggregation technology with Unicommerce’s existing suite of products will create a one-stop e-commerce enablement solution.
Post-acquisition, the combined client base of Unicommerce and Shipway includes over 7,000 businesses and 10,000+ brands in India. This acquisition also presents immediate cross-selling opportunities, as only 5% of the clients overlap between the two companies, allowing both to explore new market segments.
Unicommerce is known for offering end-to-end e-commerce enablement solutions, from warehouse and inventory management to order processing and returns. By acquiring Shipway, the company aims to enhance its courier management capabilities and further streamline logistics processes for e-commerce brands.
The expanded and integrated suite of solutions will serve all major processes involved in running an e-commerce business, including order tracking, delivery automation, and reverse logistics.
Leadership’s Strategic Vision
The accelerated acquisition signals Unicommerce’s commitment to building a more comprehensive and efficient e-commerce technology ecosystem. By incorporating Shipway’s courier aggregation platform into its offerings, Unicommerce is positioning itself as a market leader in end-to-end e-commerce technology solutions.
As the e-commerce sector in India continues to grow, Unicommerce’s enhanced capabilities will help brands improve their operational efficiency, delivery speed, and customer satisfaction. The acquisition marks a strategic move to strengthen its market position and tap into new opportunities in the logistics and e-commerce sectors.
