Unicommerce and Urban Company expand partnership to Saudi Arabia and UAE
Unicommerce Esolutions and Urban Company are extending their partnership into Saudi Arabia and the UAE, signalling a wider Gulf push for the Indian home-services platform and its commerce-tech partner. Shiprocket also rose 5.6% after Goldman Sachs reportedly acquired a stake through a bulk deal.
What happened
Eternal · Indian consumer-platform stocks moved higher, led by Shiprocket after a reported Goldman Sachs bulk-deal stake. Unicommerce and Urban Company expanded
Key facts
- Nifty 50 above 24,200, up 0.58%
- Sensex up 500 points
- Eternal up 2.27%
- Unicommerce up 2.71%
- Urban Company up 0.60%
- Shiprocket up 5.6%
- Goldman Sachs acquired a Shiprocket stake via bulk deal
- Strides Pharma up 10%
- LIC approval to hold up to 9.99% in HDFC Bank; existing stake 4.11%
- Aditya Birla Capital plans 200-300 gold-loan branches by March 2027 and 1,000 over the following three years
Why this matters
Urban Company’s extension with Unicommerce into Saudi Arabia and the UAE highlights the strategic value of partners that can provide scalable regional commerce infrastructure for Gulf market entry.