Infibeam acquires Snapdeal's Unicommerce for â¹120 crore
Ahmedabad-based e-commerce conglomerate Infibeam has acquired 100% stake in Snapdeal-owned warehouse management platform Unicommerce eSolutions. Under the agreement, Infibeam will issue optional convertibles preferential shares to Snapdeal's parent company Jasper Infotech, valued up to â¹120 crore. The deal is part of Snapdeal's 2.0 plan to focus on its core consumer e-commerce business.