Unicommerce Promoters Increase Their Stake in Company

Kunal Bahl and Rohit Kumar Bansal, promoters and directors of Unicommerce eSolutions Ltd, have increased their stake in the company by acquiring 93,500 shares from the open market. According to an exchange filing on March 11, Bahl purchased 46,500 shares for ₹49.47 lakh, while Bansal acquired 47,000 shares for ₹49.48 lakh.

Their combined holding has now increased from 10.75% to 10.85%.

Acquisition of Shipway

In November 2024, Unicommerce acquired a 42.7% stake in ecommerce shipping solutions provider Shipway for ₹68.4 crore. The company plans to acquire full ownership within a year, either through a merger or stock swap.

Market Presence

Unicommerce was founded in 2012 by Karun Singla, Ankit Pruthi, and Vibhu Garg. The company was later acquired by Snapdeal in 2015. It provides SaaS-based ecommerce enablement solutions, including warehouse and inventory management, multi-channel order processing, and logistics automation.

Unicommerce serves over 7,000 clients across India, Southeast Asia, and the Middle East. Some of its customers include FabIndia, Lenskart, Mamaearth, Sugar, Urban Company, TCNS, Timex, Emami, Portronics, Mensa and boAt. The company’s technology integrates with over 101 logistics partners and processes more than 1 billion transactions annually.

Financial Performance 

For the quarter ending December 2024, Unicommerce reported a 62% year-on-year increase in consolidated net profit, reaching ₹6.29 crore compared to ₹3.88 crore in Q3 FY24. Revenue from contracts with customers rose 26% to ₹32.74 crore from ₹25.96 crore in the previous year.

Following the stake purchase, shares of Unicommerce saw a brief rise during trading on Wednesday, reaching an intra-day high of ₹108.35 per share, up 2.07% from its previous close of ₹106.15. However, the stock later declined to ₹107.00. As of 1:32 PM on March 12, it was trading 0.80% lower at ₹105.30 on the BSE.

Conclusion

All in all, the increase in promoter stake, along with recent financial disclosures and acquisitions, showcases ongoing developments at Unicommerce amid market fluctuations.

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