Connect with us

Latest News

Unicommerce Loses Key Personnel: Company Secretary Quits!

Published

on

Unicommerce Company

Unicommerce, a leading e-commerce SaaS platform, has recently announced the resignation of its Company Secretary and Key Managerial Personnel (KMP), Ajinkya Jain. Jain’s departure, effective December 6, was attributed to “personal reasons and commitments.” The company is currently in the process of identifying and appointing a suitable replacement.

Background on Ajinkya Jain

Ajinkya Jain is a seasoned professional with over 13 years of experience in corporate governance and compliance. Before joining Unicommerce in 2022, he held key positions at several prominent companies, including:

  • PharmEasy: A leading online pharmacy and healthcare platform.
  • Games24x7: An online gaming company known for its fantasy sports and casual gaming offerings.
  • Future Generali India Insurance Company: A major player in the insurance sector.

Jain’s extensive background in corporate affairs and compliance contributed significantly to Unicommerce’s operational framework during his tenure.

About Unicommerce

Founded in 2012, Unicommerce provides a comprehensive suite of SaaS solutions designed to help e-commerce sellers manage their inventory, orders, and logistics across multiple marketplaces and channels. The platform enables businesses to streamline their operations, enhance customer experiences, and drive sales growth.

  • Acquisition by Snapdeal: In 2015, Unicommerce was acquired by Snapdeal, one of India’s largest e-commerce marketplaces. This acquisition provided Unicommerce with additional resources and market reach.
  • Public Debut: The company successfully made its public debut on the Indian stock exchanges in August 2023, marking a significant milestone in its growth journey.

Impact of Jain’s Departure

While Jain’s resignation represents a notable change in leadership, Unicommerce remains committed to its mission of empowering e-commerce businesses and driving growth in the industry. The company is actively seeking a qualified successor to ensure a smooth transition and continuity in governance.

Commitment to Growth

Despite this personnel change, Unicommerce continues to focus on enhancing its product offerings and expanding its market presence. The company aims to leverage its technological expertise to support e-commerce sellers in navigating the complexities of online retail.

Conclusion

Ajinkya Jain’s departure from Unicommerce marks a significant shift for the company as it continues to evolve within the competitive e-commerce landscape. With ongoing efforts to appoint a new Company Secretary, Unicommerce is poised to maintain its momentum and commitment to providing innovative solutions for e-commerce businesses. As the company moves forward, it remains focused on empowering sellers and driving industry growth through its robust SaaS platform.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. droversointeru

    April 8, 2025 at 1:39 pm

    This is very interesting, You’re an excessively skilled blogger. I have joined your rss feed and stay up for seeking more of your wonderful post. Additionally, I’ve shared your website in my social networks!

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

Published

on

Bliss_StartupStories

Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

Continue Reading

Latest News

Apple to Shift Entire US iPhone Assembly to India by 2026

Published

on

Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


Continue Reading

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading
Advertisement

Recent Posts

Advertisement