India, March 21 -- Update | March 21, 5:20 PM

Ecommerce-focussed SaaS major Unicommerce said it has completed the buyout of courier aggregator platform Shipway by purchasing the remaining 57.24% stake.

With this acquisition, Shipway has now become a wholly owned subsidiary of Unicommerce.

This comes a day after Unicommerce said it would raise its stake to 100% in Shipway through a share swap transaction.

Original Story | March 21, 2:00 AM

Listed SaaS platform Unicommerce on Thursday (March 20) announced the acquisition of the remaining 57.24% stake in shipping solutions platform Shipway in a share swap deal.

In a filing with the exchanges, Unicommerce said that it will issue 60.3 Lakh shares to Shipway cofounders Vikas Garg and Gaur...