Uicommerce is an e-commerce company that provides SaaS solutions by offering a platform to connect with brands. The platform offering integrated e-commerce solutions announced a 3 percent increase in operational revenue to Rs 27.4 crore in the first quarter of FY25. The startup offers SaaS solutions like inventory and omnichannel management. These services are the company’s major source of income. The startup also provides direct product supply from consumers to brands.
Unicommerce uses advanced technologies and provides solutions with subscription-based policies. The company offers an online platform to connect brands with suppliers. This platform enables customers to connect directly with approved brands, place an order, and get the services. The server hosting, legal, finance, server hosting, and employee benefits made the total expenses stand out at Rs 24.2 crore in the first quarter of FY25. However, the total expenditure of the firm decreased in Q1 FY25. The startup reported a 22 percent increase in its profit to Rs 3.5 crore in the same duration.
Inc42 mentioned in its report that the firm also earns its income through customers’ contact and other management services. The company has secured over $11.1 million across multiple funding rounds since its inception. This includes the series B funding round from investors including Softbank. Earlier, this year the e-commerce startup launched its Initial Public Offering of Rs 276 crore. The total revenue for this financial year increased by 15 percent to Rs 103 crore through its services and the firm also earned commission from its non-operating services. The total expenses also increased to Rs 24.28 crore in the first quarter of FY24.
The e-commerce market saw increased investor interest. The e-commerce company plans to improve its business model while offering more innovative solutions in the global market. The company plans to grow itself and strengthen its technical capabilities. The startup faces competition from other companies including Shiprocket, and BigCommerce. The company is working on its losses by reducing employee benefits and operating expenses. The startup reported a 61 percent increase in its EBITDA to Rs 4.2 crore in the first quarter of FY24, which increased by 15.3 percent in Q1 FY25.
Conclusion:
The e-commerce startup Unicommerce announced a 3 percent increase in its operational revenue to Rs 27.4 crore in Q1 of FY25. This e-commerce platform provides an online platform to connect consumers directly with brands. The SaaS solutions and management services are the company’s major source of revenue. The profit increased by 22 percent to Rs 3.5 crore in Q1 FY25. The total expenditure of the firm increased by 7 percent to Rs 24.2 crore in the same duration. The company plans to reduce its expenses on employee benefits and control its losses. The company has secured over 11.1 million USD across multiple funding rounds since its inception. The company competes with other platforms in the same market segment such as Coupang, Bigcommerce, and others.
