Unicom's Prospects Ride on Ecomm Rise
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ET Intellligence Group: Unicommerce eSolutions, which provides ecommerce-related software solutions, plans to raise up to ₹277 crore through an offer for sale. The promoter group stake will fall to 23.6% after the IPO from 48.6% excluding any Esop adjustments. AceVector, which also owns Snapdeal, is the major promoter of Unicom. The company counts Mamaearth, Lenskart, boAt, Fabindia, Emami, Cello, and Paragon as some of its clients. The number of transactions on its platform increased to over 791 million in FY24 from 410 million in FY22. However, given the rich valuation, the IPO looks more suitable for investors with high-risk appetite. Business It offers software as a service solutions to manage ecommerce operations to brands, sellers and logistics service providers. This includes post-purchase operations such as warehouses and inventory management, order tracking, and payment reconciliation. The number of enterprise clients increased t...