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May 27, 2013

Deal Alert: Nexus Venture Partners invests in Unicommerce

Unicommerce raises funding from Nexus Venture Partners

Unicommerce, India’s leading provider of SaaS based order management and fulfillment platform today announced that it has received funding from Nexus Venture Partners, India’s leading Venture Capital firm. 

Unicommerce was founded in 2012 by 3 classmates from IIT Delhi -Ankit Pruthi, Karun Singla, Vibhu Garg. Their flagship product Uniware is an easy to deploy web based solution that manages the complete order fulfillment lifecycle. Companies can easily manage vendors, procurement, inventory, warehouse, shipments and returns. This enables enterprises and their customers to keep track on a real time basis of pending orders, order fulfillment and shipment status. The platform auto updates inventory and order status across the entire supply chain removing possibilities of stock outs.

Uniware is being used by e-commerce companies and retail businesses, as well vendors who supply to them -clients include Snapdeal.com, Jabong.com, ecommerce players in South East Asia and Canada. The platform manages over 1.5 million product shipments per month across50+ warehouses and 1000+ concurrent users globally.

Speaking about the funding, Mr Ankit Pruthi, Co-founder, Unicommerce.com, said, “We are thrilled to work with Nexus Venture Partners who have deep experience in helping buildmarket leading companies. The funding will help Unicommerce increase sales and marketing efforts and continue to build its product and infrastructure”.

Unicommerce platform is being adopted by small & medium enterprises and large companies as they are easier to deploy and use compared to conventional ERP platforms. Uniware customers have benefited from improvement in order fulfillment rates, reduced manual intervention and leakages in warehouse and delivery management, and unified view and analytics across the supply chain.

Mr Anup Gupta, Managing Director, Nexus Venture Partners, said, “Unicommerce is fulfilling a growing market need in India and overseas for simple, easy to deploy and use order, inventory management and fulfillment platform for online and offline businesses. We are excited about the opportunity and delighted to partner with the bright and nimble team at Unicommerce”.

About Unicommerce 

Unicommerce is India’s leading provider of SaaS based order management and fulfillment platform. The platform is relevant for retail / ecommerce players (B2C), their vendors / suppliers and distributors, third party logistics providers and incorporates multi-location and multi-warehouse operations.

Unicommerce flagship product Uniware is an easy to deploy web based solution to manage complete order fulfillment lifecycle and inventory. Companies can easily manage vendors, procurement, inventory, warehouse, drop-shipments and returns. This enables enterprises to keep track on a real time basis of pending orders, order fulfillment status, shipment status and returns. Within a year of launch, Unicommerce has witnessed rapid adoption across leading ecommerce companies in India like Snapdeal, Jabong,ecommerce players in South East Asia and Canada. Currently, Unicommerce manages shipments in50+ warehouses with 1000+ concurrent users.

Unicommerce was founded by three class mates from IIT Delhi -Ankit Pruthi, Karun Singla, Vibhu Garg. For more information, please visit www.unicommerce.com

About Nexus Venture Partners

Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $600mn under management with an active portfolio of over 45 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses.

Nexus partner companies include Cloud.com (Cloud provisioning platform acquired by Citrix), Gluster (Open source cloud storage, acquired by Red Hat), Pubmatic (Publisher Ad revenue optimization), DimDim (Open Source Web Conferencing acquired by Salesforce.com), Snapdeal.com (Ecommerce), MapMyIndia (Digital Navigation), Netmagic (Managed Services and Cloud infrastructure provider, acquired by NTT), Komli (Online ad network), Prana (Animation services), Druva (computing End-point protection), Unmetric (Social media analytics for business applications), Shopclues(onlinemarketplace) and Talentsprint (vocational education). 

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