Netcore Cloud, a software-as-a-service platform, has acquired a controlling share in Unbxd Inc, a market discovery platform located in the United States, for $100 million. Also with infusion of extra funding into the cloud-backed Unbxd
Netcore hopes to expand its reach throughout developed markets.
After Quinto.ai, Boxx.ai, and Hansel.io., this is Netcore’s fourth purchase in the past 3 years.
Unbxd will function as an independent business following the acquisition, according to the Mumbai-based platform, and there will be no management reorganisation and the company’s founder and senior leaders will remain in existing positions.
Unbxd, founded by Pavan Sondur & Prashant Kumar in 2012, provides search solutions for online stores and direct-to-consumer (D2C) businesses in the US, United Kingdom, and Australia.
Currently, the firm claims to generate 3.5 percent of on search inquiries among 150 clients in the United States.
Mattress Firm, Express, Ashley Homestore, Mitre10, and Kookai are just a few of Unbxd’s clients.
Nirvana Ventures, Chiratae Ventures, Eight Roads, and Ensuring the successful Capital were among the investors who funded the startup.