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April 24, 2024 -Wednesday |
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UNICOMMERCE TO INVEST USD 5 MILLION TOWARDS EXPANSION IN SOUTHEAST ASIA AND MIDDLE EAST; TARGETS 400% GROWTH IN OVERSEAS BUSINESS
Wednesday 24/11/2021
- The investment will be targeted towards product enhancement, hiring talent, marketing, and setting new offices in international markets
- Consistent growth trajectory and have onboarded 10+ clients in Southeast Asia
SINGAPORE, Nov 24 (Bernama-BUSINESS WIRE) -- Unicommerce, India’s largest e-commerce focused supply chain SaaS platform, has decided to invest USD 5 million to strengthen its international operations and further expand its presence in Southeast Asia and Middle East. The company has been consistently investing and growing its Southeast Asia business and will continue to acquire more clients in these markets. After becoming an undisputed leader in India, Unicommerce aims at establishing itself as a preferred choice of e-tailers and retail brands in the region.
Unicommerce will be investing in the areas of product enhancement, setting up local offices, sales and marketing along with hiring local talent in these regions. With its experience of over nine years and working with clients across sectors in India, Unicommerce has created a truly global product portfolio designed for any e-commerce business. The company has already acquired over 10 new clients in the markets of Singapore, Malaysia, and Philippines and will be expanding to more countries in Southeast Asia. The current investment will empower the company to achieve a whopping 400% growth in its overseas business.
Sharing his thoughts on the investment, Kapil Makhija, CEO, Unicommerce, said, “E-commerce adoption is growing at a rapid pace across various countries in Southeast Asia, therefore we decided to further strengthen our presence in the region. The pandemic-led e-commerce acceleration in Southeast Asia has created a need for a robust supply chain platform to ensure faster delivery and a seamless shopping experience to consumers. So far we have been able to onboard clients in Singapore, Malaysia, and Philippines and soon will be adding clients in the Indonesia, Vietnam, and Thailand markets. Over the next couple of years, we will be expanding at a lightning-fast speed with strong capital infusion focused on client acquisition, creating brand awareness, and continuous product development.“
Unicommerce solution comes with 150+ pre-existing integrations and is uniquely positioned to provide e-commerce supply chain technology cloud solutions to help industry players of all sizes. The company has worked with over 15,000 customers across India, Middle East, and Southeast Asia and processes 1 million daily transactions.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20211123005711/en/
Contact
Kinshuk Sindhwani
kinshuk.sindhwani@unicommerce.com
Source: Unicommerce
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