New Delhi based Unicommerce, an online multi channel e-commerce order fulfillment platform, has secured USD 10 million from Tiger Global management. It aims to utilize the raised funds to expand its geographical reach and for sales and marketing efforts.
The news first appeared in ET, however when iamWire reached out to Unicommerce, they denied confirming the news at the moment.
Unicommerce was launched in 2012, and is known for providing technology to online marketplaces including Jabong, Myntra, Snapdeal and individual online sellers selling on multiple marketplaces.
Last year, the company had raised an undisclosed amount from Nexus Venture Partners. And before that, it had received a seed round from Kunal Bahl, CEO, Snapdeal. However now since Flipkart and Myntra’s investor Tiger Global has come into picture, it’s a question if Snapdeal will continue its strategic association with the company.
Company’s flagship product Uniware, shown in the video below, is its prime technology behind the order fulfillment processes it offers, including procurement, vendors, inventory, warehouses, drop shipments, returns etc.
Unicommerce is directly competing with another Indian firm Browntape, a SaaS-based online software developer firm which raised an undisclosed amount from early stage investor Seedfund and angel investor Krishnan Ganesh in April, and Vinculum, an IT Products and Services company providing a suite of SaaS eCommerce Products. It had secured Series B Funding from IvyCap ventures with participation of existing investor, Accel Partners this year.