Yet to finalize PE, IPO route to raise funds: Unicommerce

livemint.com:

startups. “That’s just one factors, there are other factors in terms of our journey. There are obviously implications of us going for an IPO, so I think all those factors are being evaluated including macros and the overall market." Unicommerce offers end-to-end fulfilment solutions, such as procurement, multi-vendor management, inventory, multichannel solutions, reporting, warehouses, drop shipments, inventory management and returns to brands for retailers across online channels.

The platform is deployed by brands such as Mamearth, Bestseller, boAt Lifestyle, Lenskart, Sugar Cosmetics, Timex, Myntra and TCNS. Unicommerce claims to enable 1.7 million e-commerce transactions every day. It has so far received a total funding of $11.1 million, according to data by Tracxn.

Unicommerce also has a presence in overseas markets, including the Middle East, South East Asia as well as South Asia. The company works with both retailers and brands across 45-plus categories including apparel, electronics, beauty and personal care. Meanwhile, Makhija said the company is also open to investing in other tech startups to strengthen its offerings.

“We are evaluating a few opportunities, but there is nothing concrete yet. We are profitable, so capital won’t be a constraint, but we’ll figure out the right opportunity," he added. Meanwhile, Makhija said business emerging from tier-2 and 3 cities has grown at a faster clip over the last three years.