SaaS Provider Unicommerce Raises Funding From Nexus Venture Partners
Summary
SaaS based order management and fulfillment platform provider, Unicommerce has received an undisclosed amount of funding from venture capital firm, Nexus Venture Partners. Speaking to Medianama, Ankit Pruthi, Co-founder of Unicommerce said that the funding will be used to expand sales and marketing initiatives and will also be used for product development. Unicommerce claims that its service is being by e-commerce companies and retail businesses including Snapdeal.com, Jabong.com, ecommerce players in South East Asia and Canada and manages over 1.5 million product shipments per month across 50+ warehouses and 1000+ concurrent users globally. It is worth noting that Nexus Venture Partners has also invested in Uniware’s client Snapdeal.com. In the recent times, seeing the potential of the e-commerce industry, mainstream couriers and logistics company DTDC launched a specialized e-commerce logistics initiative called DotZot while India Post also plans on launching a delivery service for e-retailers.
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