January 17th, 2021. Investcorp has announced it has acquired a majority shareholding in India-based Unilog and injected capital into the B2B ecommerce software business in order to fund its growth. Unilog listed three strategic priorities for the investment:
- Product innovation
- Customer service improvement
- Expansion of market presence, including acquisitions
Unilog CEO, Suchit Bachalli, is quoted as saying "On average, our customers reported 40% growth with our digital commerce platform over the past year". eCommerce is a rapidly growing channel for B2B and the opportunity for Unilog to grow along with its customers is significant.
Unilog is a software as a service ecommerce business and a member of our ecommerce platform shortlist. It has 350 customers primarily in the US and has grown revenues three-fold since FY2018.
Investcorp is a significant investment house, with $32.2bn assets under management (AUM) as of June 30th, 2020.