Delhi-based order management and fulfillment platform Unicommerce has raised $10 million (Rs.61.6 Crore) from US-based Tiger Global Management. Unicommerce provides online multi channel order fulfillment software which enables e-commerce merchants of all sizes to sell more.
The startup will use the funds to expand its geographical reach and increase its sales and marketing efforts.
Unicommerce provides technology to online marketplaces to keep track of orders on a real-time basis. The company’s flagship product, Uniware, updates and automates every aspect of online commerce beginning from when a customer places an order until the time that he/she receives higher purchase.
Some of the esteemed consumers of its services are SnapDeal, Myntra.com, Jabong, LensKart and Urban Ladder. The company claims to process over a million orders a month.
Unicommerce its earlier days institutional round of funding from Nexus Venture Partners. The cofounders of Snapdeal -Kunal Bahl and Rohit Bansal -are also angel investors in the startup.
Unicommerce was founded in 2012 by three classmates from IIT Delhi, Ankit Pruthi, Karun Singla and Vibhu Garg. In a short span of a year or so, their SaaS product Uniware has earned lot of appreciation. Uniware, their SaaS-based order management and fulfillment platform has been fairly mature since the time of its launch.
After Commonfloor,Quickr and Hike this is Tiger Global’s fourth investment in any Indian tech startup.