Unicommerce Promoters Kunal Bahl, Rohit Bansal Boost Stake in Firm
Kunal Bahl and Rohit Bansal, the promoters of Softbank-funded Unicommerce, raised their holding in the company after acquiring more shares in the open market. Unicommerce, the top retail and ecommerce enablement SaaS player, certified that the pair picked up 93,500 shares for nearly Rs 98.96 lakh, taking their collective holding at 10.85% direct plus controlled firms.
The firm clarified that Bahl and Bansal have never disposed of any shares, either prior to or subsequent to Unicommerce's listing in the public market. Unicommerce caters to more than 7,000 clients in India, Southeast Asia, and the Middle East, with high-profile clients such as FabIndia, Lenskart, Mamaearth, Sugar, and Urban Company.
In Q3 FY25, Unicommerce's flagship product Uniware had an annualized transaction run rate of over 1 billion order items. Unicommerce also acquired Shipway in November to strengthen its capabilities in courier aggregation, shipping, and marketing automation. The first part is to buy 42.76% of Shipway for Rs 68.4 crore with the intent to gain full control within a year either via a merger or stock swap.
Financially, Unicommerce clocked 62% year-over-year growth in consolidated net profit for Q3 FY25 at Rs 6.29 crore, a rise from Rs 3.88 crore in Q3 FY24. On a quarter-wise basis, net profit grew 40.7% from Rs 4.47 crore. Revenue in the first nine months of FY25 increased 16.2% YoY at Rs 89.5 crore, from Rs 77 crore during the same period last fiscal.
The greater stake purchase and robust financial performance reflect Unicommerce's continued growth and leadership in ecommerce enablement, as it continues to scale operations and extend its global reach.
