wordpress blog stats
Connect with us

Hi, what are you looking for?

Infibeam acquires Snapdeal’s subsidiary Unicommerce for Rs 120cr

Ecommerce and software services company Infibeam has announced that it is acquiring Snapdeal’s subsidiary Unicommerce, which is an e-commerce management platform for Rs 120 crore. The transaction is expected to close in three-five months.

In its BSE filing, Infibeam said the acquisition will help the company to expand and strengthen its e-commerce web service offerings and capabilities.

Founded in 2012, Unicommerce offers end-to-end e-commerce solutions, including warehouse
management, multi-channel order fulfillment, e-commerce order processing, catalogue management, inventory management, and omni-channel management for both brands and online sellers. It has about 10,000 sellers, brands, e-commerce players as its clients. Infibeam’s BSE filing reads that the line of business of Unicommerce is similar to Infibeam, and that the acquisition would result in growth of merchants and revenues from Infibeam Web Services. Unicommerce’s net worth is pegged at Rs 24.63 crore and it reported turnover of Rs 20.27 crore as on March 31, 2018.

Besides this development, Infibeam’s board has approved the change of company’s name from Infibeam Incorporation Ltd to Infibeam Avenues Ltd. The name change is still subject to shareholders’ and other statutory approvals.

Sanpdeal 2.0

Note that while putting an end to months-long speculations of its merger with Flipkart last year, Snapdeal had said that rather than merging it will bring out Snapdeal 2.0 and work things out. It had said that Snapdeal will sell its non-core assets, and will bring financial self-sustainability. Jason Kothari, Chief Strategy & Investment Officer, Snapdeal had said that the company will focus on its capital and management on its core e-commerce business.

As a part of Snapdeal 2.0 plan, the company sold its logistics arm Vulcan Express early this year to Future Group’s supply chain solutions subsidiary for Rs 35 crore. Last year, it sold its payment arm Freecharge to Axis Bank for Rs 385 crore.

Advertisement. Scroll to continue reading.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


The two associations contended that the proposed changes would lead to over-regulation, hurt smaller entities, and impact service-providing platforms that do not deal with...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ