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IPO · Commerce & Consumer Brands

AceVector gets SEBI approval for IPO

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AceVector logo
Date
Company
AceVector
What it does
digital commerce ecosystem
Kind
IPO
Stage
pre-ipo
Based in
Gurugram
Founded
2022
Sector
Commerce & Consumer Brands

What they do

AceVector is a digital commerce ecosystem that connects shoppers, enables sellers, and powers brands through three businesses: Snapdeal, Unicommerce, and…

What happened

AceVector has received approval from SEBI for its IPO, which may raise up to Rs 500 crore through a fresh issue of shares and an offer for sale by existing…

Why it matters

Snapdeal has rebuilt itself to focus on value-conscious shoppers, with over 80% of its orders priced below Rs 599, and Unicommerce, a listed SaaS platform,…

The details

  • AceVector Limited, the parent company of Snapdeal, Unicommerce, and Stellaro Brands, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
  • The company filed its draft red herring prospectus (DRHP) through the confidential route in July 2025, allowing it to keep early details private and revise the issue size before submitting an updated draft.
  • The IPO will include a fresh issue of shares and an offer for sale by existing investors, including major shareholders like SoftBank, Nexus Venture Partners, and co-founders Kunal Bahl and Rohit Bansal.
  • IIFL and CLSA are working with AceVector as the book running lead managers for the offering.
  • AceVector operates a group of businesses that shape its broader commerce strategy, including e-commerce marketplace Snapdeal, software-based commerce enablement platform Unicommerce, and consumer brands arm Stellaro Brands.

The bigger picture

  • AceVector's IPO approval places it alongside other firms such as boAt, Wakefit, Shadowfax, Curefoods, Shiprocket, Milky Mist, and Capillary Technologies that have recently received clearance to go public.
  • The company's financials for FY25 are yet to be filed, but it reported revenue of about Rs 380 crore in FY24 with an adjusted EBITDA loss of Rs 16 crore.
  • Snapdeal has rebuilt itself as a platform for value-conscious shoppers, with over 80% of its orders priced below Rs 599, and it recorded a 60% rise in festive season sales during September and October 2025.

About the business

  • AceVector is a digital commerce ecosystem that connects shoppers, enables sellers, and powers brands through three businesses: Snapdeal, Unicommerce, and Stellaro Brands.
  • Snapdeal, once among India’s largest horizontal marketplaces, has rebuilt itself to focus on value-conscious shoppers, with over 80% of its orders priced below Rs 599.
  • Unicommerce is a software-based commerce enablement platform that serves over seven thousand five hundred merchants across India and international markets.
  • Stellaro Brands is the consumer brands arm of AceVector, expanding its reach in southern markets through brands like Rangita.
  • AceVector reported revenue of about Rs 380 crore in FY24 with an adjusted EBITDA loss of Rs 16 crore.

What happens next

  • AceVector plans to file the updated DRHP with SEBI, followed by the Red Herring Prospectus (RHP) with the Registrar of Companies.
  • The company has an 18-month period from the SEBI observation letter to launch its IPO.

The deal

Type
ipo

Investors

  • SoftBank (investor) — A global venture capital firm with significant investments in Indian startups.
  • Nexus Venture Partners (investor) — A venture capital firm focused on early-stage technology startups in India.

Founders

  • Kunal Bahl, co-founder
  • Rohit Bansal, co-founder

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