Snapdeal-owned retail and e-commerce enablement SaaS platform UnicommerceeSolutions Limited has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

Unicommerce has been PAT-positive since FY21, the company said in a statement.

According to the DRHP, the company has a track record of both profitability and expansion, with revenue growth of 52.56% and 47.55% in FY23 and FY22, respectively. As of September 2023, Unicommerce had achieved an annual recurring revenue of Rs 103.74........

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