PE agency Investcorp acquires SaaS e-commerce options supplier to SMEs Unilog for undisclosed sum
Know-how for MSMEs: International non-public fairness (PE) agency Investcorp has acquired Unilog – a software-as-a-service (SaaS) primarily based e-commerce options supplier to small and medium enterprises (SMEs) – for an undisclosed sum. The PE agency mentioned on Thursday it has entered into an settlement to purchase Unilog, which is headquartered within the US and has worldwide headquarters in Bengaluru, that helps distributors, producers, and wholesalers enhance on-line gross sales, cut back the price to serve, and improve their digital channel. “Unilog presents a pretty alternative, because it operates in a big and rising addressable market pushed by e-commerce adoption, which has solely been additional accelerated amidst COVID-19,” mentioned Gaurav Sharma, Head of Non-public Fairness, Investcorp India. Unilog was Investcorp’s tenth funding within the Indian market over the past 4 years.
Led by Suchit Bachalli, Unilog’s SaaS enterprise has grown 3x in revenues since FY2018 serving over 350 SMEs presently in round $10 billion marketplace for software program resolution companies to distribution and retail companies working within the US. “We’re thrilled to have their world model backing us as a capital companion. We strongly consider this partnership will assist Unilog obtain our targets quicker,” mentioned Suchit Bachalli, CEO, Unilog.
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To this point, Investcorp has made round 200 PE investments within the US, Europe, the Center East, and North Africa area and Asia, throughout a number of sectors together with software program, knowledge analytics, cybersecurity, and funds. In India, it had made investments in mid-market corporations and focuses on sectors together with shopper tech, healthcare, monetary companies, and know-how segments. InCred, ASG, Zolo, Citykart, Intergrow Manufacturers, Bewakoof.com, NephroPlus, Freshtohome, and XpressBees had been different corporations that had been backed by Investcorp. “The main focus is on focusing on first-generation entrepreneurs scaling up companies with asset-light fashions and confirmed unit economics,” the corporate mentioned. It had $32.2 billion in whole belongings beneath administration as of June 30, 2020.
The elevated adoption of e-commerce options has come amid Covid as companies shifted in the direction of software program that supplied simplification of complicated processes, stock administration, product info administration, intuitive search, integration with ERP, and different associated features. In keeping with Statista, the e-commerce software program software market will develop from $6 billion in 2019 to $7.3 billion in revenues globally in 2024.
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