Snapdeal Founders Boost Stake in Unicommerce Esolutions

Fast Summary

• Kunal Bahl and Rohit bansal, founders of Snapdeal and Titan Capital, have increased their stake in ecommerce software company Unicommerce Esolutions.
• They acquired an additional 93,500 shares for about Rs 99 lakh, raising their stake to 10.85%.
• Previously held a 10.75% stake through B2 Capital Partners.
• They opted out of the offer for sale during Unicommerce’s IPO.
• Unicommerce listed at Rs 235 per share, up from its Rs 108 issue price.
• The company provides technology solutions for ecommerce operations and has notable clients like Lenskart and Myntra.
• Reported a YoY revenue increase of 27% to Rs 33 crore; net profit rose by 62% to Rs 6.3 crore in the October-December period.

Indian Opinion Analysis

The decision by Kunal Bahl and Rohit Bansal to increase their investment in Unicommerce indicates strong confidence in the company’s growth trajectory. By retaining shares during the IPO phase and increasing their holdings later, they signal potential value growth within India’s digital commerce ecosystem. This move might encourage further investment interest as it underscores stability and expected profitability.

Unicommerce’s successful market performance with meaningful post-listing gains reflects its robust business model catering to key sectors like retail management solutions which are essential for digital marketplaces. The company’s substantial revenue growth shows their effective capture of demand amidst evolving consumer behaviors towards online shopping.

such developments reinforce india’s position as a burgeoning hub for technology-driven enterprises seeking expansion through innovative ventures.Read More: Link

!Snapdeal Founders