Bahrain’s Investcorp acquires Indian software firm Unilog
Unilog, which provides e-commerce solutions, currently serves more than 350 small and medium businesses in the US
Bahrain-based Investcorp acquired Indian software firm Unilog that provides e-commerce solutions to small and medium businesses based in the US, for an undisclosed sum.
“Unilog presents an attractive opportunity, as it operates in a large and growing addressable market driven by e-commerce adoption, which has only been further accelerated amidst Covid-19,” Gaurav Sharma, head of private equity at Investcorp India, said on Sunday.
Bangalore-based Unilog serves more than 350 small and medium enterprises in the US.
The company's cloud-based commerce platform and product data enrichment services help distributors, manufacturers and wholesalers increase online sales and reduce their costs.
Unilog represents Investcorp’s tenth investment in India over the last four years. Its other investments in India include InCred, ASG, Zolo, Citykart, Intergrow Brands, Bewakoof.com, NephroPlus, Freshtohome and XpressBees.
E-commerce transactions have surged globally over the past year as home-bound consumers turned online to shop amid the pandemic.
"Unilog is...well-positioned to benefit from the shifting consumer patterns and rapid e-commerce adoption amidst Covid-19," Tarek AlMahjoub, head of UAE and Oman for Investcorp’s private wealth said.
Investcorp has been expanding its tech portfolio in recent months by investing in software, data analytics, cyber security and FinTech firms. Last month, the company entered into a partnership with New York's Centre Lane Partners to increase private equity and private credit investments into mid-market companies in North America.
In India, Investcorp invests in mid-market companies across consumption-linked sectors. It targets opportunities across the consumer tech, healthcare, financial services and technology sector.
Published: January 17, 2021 11:20 AM