Jasper Infotech, the parent company of e-commerce marketplace Snapdeal is all set to sell its SaaS-based warehouse management platform Unicommerce eSolutions.
Jasper Infotech is currently in talks with multiple buyers, including global e-commerce giant Amazon and financial software company Intuit, according to Economic Times.
The company is in the early stage of the deal that could be anywhere around Rs 150 crore-200 crore.
The following development comes just after Snapdeal-owned logistics and supply chain management arm Vulcan Express was acquired by Kishore Biyani-led Future Group for Rs 35 crore. In July last year, Jasper sold Freecharge to Axis bank.
Founded in 2012, Unicommerce was set up by three IIT-Delhi friends Ankit Pruthi, Karun Singla and Vibhu Garg. The company was later acquired by Snapdeal’s parent company Jasper Infotech in 2015 at about $40 million. It offers multi-channel warehouse management solutions for merchants.
The warehouse management platform claims to process over 100 million orders annually and has over 10,000 sellers on its platform. The client companies include Amazon, Jabong, Flipkart and eBay, Raymond, Ritu Kumar, and Puma.
Unicommerce is believed to help e-commerce giant Amazon which has been investing a huge sum in further strengthening its back-end infrastructure in the country.
Also Read: Paytm to sue Snapdeal’s Unicommerce for data misuse
The Gurugram-based company is also in talks with Intuit, which offers SaaS-based solutions to a large base of small and medium businesses across the globe, including India.
Last year, the Snapdeal-owned company also had spat with Paytm over data misuse. Paytm’s e-commerce platform also warned that any breach in this could result in either termination of contract or action for infringement of its legal rights.
Besides this, the Noida-based firm also alleged that Unicommerce has used Paytm’s trade name in an unauthorised way and misled sellers by telling them that it has tied up with Paytm.