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Snapdeal to acquire Unicommerce

Update On :31 March 2015

Snapdeal to acquire Unicommerce

Online marketplace Snapdeal.com has bought Unicommerce eSolutions Pvt. Ltd, an e-commerce management software and fulfilment solution provider. The acquisition of Unicommerce will help Snapdeal to manage everything from vendors to inventory and from warehouse to shipment and returns.

Unicommerce will be merged with Jasper, according to documents filed with the registrar of companies. Separately, Snapdeal is investing Rs.25 crore in its wholly owned logistics unit, Vulcan Express Pvt. Ltd, taking another step towards building a large, integrated logistics network. Vulcan currently manages transit warehouses for Snapdeal across the country, according to two people aware of the development. Snapdeal and Unicommerce did not respond to Mint’s queries.

Softbank-funded Snapdeal has been on a shopping spree after it received $627 million from the Japanese investor in October. Earlier this month, it bought a 20% stake in logistics firm Gojavas for Rs.120 crore. The firm is also close to announcing the acquisition of online recharge and coupon portal Freecharge, Mint reported earlier this month.

News Source From : http://www.livemint.com/

Image Courtesy : http://www.livemint.com/

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