SaaS based order management and fulfillment platform provider, Unicommerce has received an undisclosed amount of funding from venture capital firm, Nexus Venture Partners. Speaking to Medianama, Ankit Pruthi, Co-founder of Unicommerce said that the funding will be used to expand sales and marketing initiatives and will also be used for product development.
Uniware is Unicommerce’s SaaS based order management and fulfillment platform with features to manage procurement, inventory, order fulfillment, shipping and returns. The company claims that it charges its clients based on usage.
Unicommerce claims that its service is being by e-commerce companies and retail businesses including Snapdeal.com, Jabong.com, ecommerce players in South East Asia and Canada and manages over 1.5 million product shipments per month across 50+ warehouses and 1000+ concurrent users globally. It is worth noting that Nexus Venture Partners has also invested in Uniware’s client Snapdeal.com.
Spillover Effect of E-commerce Success?
It appears that the success of the e-commerce industry is having a trickle down effect on associated sectors as well. Apart from e-commerce companies and SaaS companies like Unicommerce receiving funding, several e-commerce logistics companies have also received funding in the recent time. Gharpay is an e-commerce logistics service that has raised investment from Blume Ventures, Sequoia Capital and KAE Capital in 2012. Delhivery had raised undisclosed investment from Indiatimes in June 2012, while Chhotu.in had raised angel investment from Global Super Angels.
In the recent times, seeing the potential of the e-commerce industry, mainstream couriers and logistics company DTDC launched a specialized e-commerce logistics initiative called DotZot while India Post also plans on launching a delivery service for e-retailers.