Unicommerce records revenue growth of 50% in FY23, focusing on new products and global expansion
Ecommerce enablement platform Unicommerce has achieved an impressive revenue increase of approximately 50% in the financial year 2023. The growth is attributed to the company’s successful expansion in both the domestic and international markets, with a particular focus on the Middle East and Southeast Asia. Unicommerce’s international business revenue experienced a remarkable surge of 200% during the past fiscal year, collaborating with more than 35 clients across six geographies, including the UAE, Saudi Arabia, Singapore, Indonesia, Malaysia, and the Philippines.
“We are focused on international expansion to make a global impact. Additionally, we will soon unveil groundbreaking products that empower retailers to streamline ecommerce selling,” stated Kapil Makhija, CEO of Unicommerce. “Alongside these initiatives, we will continue to strengthen our presence in India, fostering growth and empowering businesses nationwide.”
The supply-chain SaaS startup now efficiently handles a run rate of 620 million transactions annually, with an impressive Gross Merchandise Value (GMV) exceeding $7 billion. In its pursuit of continued growth and optimization of business performance, Unicommerce plans to launch innovative products and tap into the potential of Tier II and Tier III cities in India.
