The leather goods manufacturer has employed Unicommerce’s "no frills order processing" feature for omnichannel orders
While the Japanese tech investor is offering sell shares worth up to Rs 1,287 crore in the three IPOs, it will still be left with up to Rs 11,011 crore of their shares after the companies list on the bourses
Snapdeal-backed Unicommerce will open its initial public offer's (IPO) anchor book on August 5 and will list on bourses on August 13th.
The company has lowered the issue size of the offer for sale from 2.98 crore shares to 2.56 crore shares.
The change in strategy has helped the firm boost its revenue and in H1 of FY24, it reported an annual recurring revenue of Rs 103.74 crore
Snapdeal, B2 Capital Partners and SB Investment Holdings are the entities that will participate in the offer for sale
Kohli, formerly MD and CEO of Bharti Airtel, has been expanding his scope of work and was also appointed to the board of beer company, Bira91, recently
The company saw an 86% jump in its free cash flows over the previous fiscal to Rs 14.57 crore in FY23. This helped Unicommerce absorb higher operating costs, which increased from Rs 54.4 crore in FY22 to Rs 84.1 crore in FY23
Unicommerce found that the personal care segment is the fastest growing segment with over 70 per cent year-on-year (YoY) order volume growth during the first two days of the festive season sale of 2022.
The platform, currently, provides its warehousing management solutions to over 7,200 warehouses and managing more than 96 million stock-keeping units (SKUs) in various sectors, such as FMCG, beauty and wellness, fashion and accessories, and eyewear.
The IPO will see Softbank, Snapdeal’s lead investor, reduce its shareholding from 34 percent to 24 percent.
Snapdeal recently made an offline foray with plans to set up partner stores across the country. The first Snapdeal partner store will be launched in January
The software-as-a-service provider has already acquired over 25 new clients in the multiple markets of the Middle East and Southeast Asia such as Dubai, KSA, Kuwait, Singapore, Philippines, Malaysia etc.
From selling sarees to pickles to offering online gym classes to virtual comedy shows, small and micro businesses now have a good presence in the cyberspace
Paytm is set to launch a new plan to engage with more startups, especially those in the digital payments and financial services space.