Unicommerce, a leading SaaS platform in India’s e-commerce sector, is set to raise INR 20 crore from its parent company AceVector. This move comes as part of Unicommerce’s strategic plan to expand its operations and strengthen its position in the evolving digital retail landscape.
Unicommerce’s Growth and Funding
Unicommerce is well-known for offering technology solutions that help online retailers with order management, inventory control, shipping, and marketing automation. The company successfully got listed on Indian stock exchanges in 2024, receiving an overwhelming response from investors, with its IPO oversubscribed 168 times.
Riding on its strong growth trajectory, Unicommerce’s parent, AceVector, has decided to invest an additional INR 20 crore into the startup. AceVector also manages other businesses like Snapdeal and Stellaro Brands, aiming to build a robust tech-driven commerce ecosystem.
AceVector’s Role and Future Plans
AceVector is the parent company of major Indian e-commerce brands, including Snapdeal and Unicommerce. The group focuses on affordable, value-driven e-commerce, targeting non-metro and tier 2/3 cities, where most of their customers come from. Snapdeal, for instance, primarily offers products priced under INR 600, catering to price-sensitive buyers.
The parent company is also planning to raise INR 500 crore through its IPO to further fuel growth in its business verticals. This additional funding will help AceVector enhance technology infrastructure and expand consumer brand reach across new regions.
Unicommerce’s Market Impact
Since going public, Unicommerce has made significant strides in India’s digital retail space. It expanded its capabilities by acquiring logistics tech startup Shipway, offering more comprehensive services to e-commerce sellers.
Unicommerce’s consistent revenue and profit growth highlight its importance as a tech enabler for countless Indian online retailers looking to streamline operations.
Conclusion
Unicommerce’s INR 20 crore funding from AceVector reflects strong confidence in the company’s future. With the backing of its parent and a sharp focus on technology, Unicommerce is well-positioned to support the fast-growing e-commerce sector in India, particularly in emerging cities and towns.
This development is part of a larger trend where Indian tech companies backed by venture capital and corporate investors leverage capital markets to scale rapidly and capture new markets in digital commerce and retail technology.
This funding step will enable Unicommerce to continue innovating and enhancing its platform, supporting India’s digital economy growth in the years ahead.