Unicommerce eSolutions acquires Shipway to become e-commerce one-stop shop

Gurgaon-based Unicommerce eSolutions, e-commerce enablement SaaS platform is set to acquire the remaining 57.24% stake in courier aggregation platform Shipway. With this acquisition, Shipway will become a wholly owned subsidiary of Unicommerce eSolutions.

Kapil Makhija, CEO of Unicommerce eSolutions said, Unicommerce’s primary rationale for the acquisition is to create a comprehensive, end-to-end solution for e-commerce brands and sellers.

Unicommerce is acquiring Shipway through a share swap (issuing equity shares) rather than a cash transaction. The…