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Unicommerce's CTO, Bhupinder Garg, resigned on April 15, 2025, after eight years, citing personal reasons. His departure comes during a pivotal time for the company, following its IPO in August 2024 and amid a 28.43% decline in stock price. In response, Unicommerce promoted Ankit Jain and Rachit Srivastava to lead engineering and product development, reflecting a commitment to internal talent development amidst ongoing strategic initiatives.
Unicommerce shares experienced an 8% surge intraday, coinciding with a broader market rally. The company emphasizes its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not compromise the integrity of its coverage.
Unicommerce eSolutions is set to acquire the remaining 57.24% stake in Shipway, a courier aggregation platform, making it a wholly owned subsidiary. This strategic move aims to provide a comprehensive, end-to-end solution for e-commerce brands and sellers, with the acquisition executed through a share swap.
Unicommerce is set to acquire the remaining 57.24% stake in Shipway, further consolidating its position in the logistics and supply chain sector. This strategic move is expected to enhance Unicommerce's offerings and market reach.
Unicommerce promoters Kunal Bahl and Rohit Bansal have increased their stake in the company, signaling a strong commitment to its growth and future prospects. This move reflects their confidence in Unicommerce's potential within the competitive market landscape.
Unicommerce eSolutions saw a nearly 5% rise in shares after announcing a partnership with Denmark's Hummel to enhance e-commerce operations and customer experience in India. Despite this uptick, the stock has declined 8% year-to-date, underperforming the Nifty 50 index, which has gained 12%. Hummel India's Managing Director emphasized that the collaboration aims to improve operational efficiency and accessibility for their tech-savvy target audience.
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Unicommerce CTO resigns after eight years amid company transition challenges
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UNICOMMERCE ESOLUTIONS L
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IND
Rohit Bansal
Bhupinder Garg
Ankit Jain
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Kunal Bahl
Rachit Srivastava
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