SoftBank gets promoter tag in Unicommerce’s IPO filing

Unicommerce Esolutions has tagged Japanese investor SoftBank, which holds a nearly 30% stake in the ecommerce enterprise software developer, as well as Snapdeal cofounders Kunal Bahl and Rohit Bansal as the Gurugram-based company’s promoters in an addendum filed to its draft IPO prospectus.

The original draft red herring prospectus filed with the Securities and Exchange Board of India had named only AceVector Ltd — the parent company of Snapdeal — as its promoter.