IPO · Commerce & Consumer Brands
AceVector files updated IPO papers for ₹300 crore
By Startup Enthusiast ·
- Date
- Company
- AceVector
- What it does
- Digital commerce ecosystem for Bharat
- Kind
- IPO
- Amount
- ₹300 Cr
- Stage
- pre-ipo
- Based in
- Gurugram
- Founded
- 2007
What they do
AceVector operates a digital commerce ecosystem including the Snapdeal marketplace, the Unicommerce software platform, and the Stellaro Brands consumer…
What happened
The company filed updated draft papers to raise ₹300 crore through a fresh issue of shares alongside an offer for sale by existing shareholders
Why it matters
Proceeds will fund marketing for Snapdeal, technology infrastructure upgrades, and potential acquisitions to support the company's growth in the…
The details
- AceVector submitted an Updated Draft Red Herring Prospectus (UDRHP) to the market regulator to initiate its public listing process.
- The firm intends to generate ₹300 crore in new capital by issuing fresh equity shares.
- Current investors are set to divest a portion of their holdings through an offer for sale (OFS) involving 6.38 crore shares.
- Management may execute a pre-IPO placement of up to ₹60 crore, which would adjust the final size of the primary issuance.
- Capital will be directed toward promotional campaigns, technological upgrades, and strategic acquisitions to bolster market presence.
- The business previously completed a confidential filing in July and secured regulatory clearance during November.
The bigger picture
- The group seeks to fortify its Snapdeal platform, which targets budget-conscious consumers residing in smaller Indian towns.
- Operating revenue reached ₹244 crore during the first half of FY26, marking a notable increase over the prior year.
- The organization is successfully reducing its adjusted EBITDA losses as it prioritizes long-term financial health and operational efficiency.
About the business
- AceVector manages an asset-light digital commerce network tailored for the Indian market.
- Snapdeal operates as a value-oriented lifestyle marketplace designed for price-sensitive shoppers.
What happens next
- Allocate ₹125 crore for marketing and customer acquisition between FY26 and FY28.
- Invest ₹55 crore in technology infrastructure between FY27 and FY29.
- Pursue inorganic growth through strategic acquisitions.
The deal
- Type
- IPO
Investors
- Starfish I Pte. Ltd. (existing) — A promoter entity and subsidiary of SoftBank.
- Nexus Venture Partners (existing) — A venture capital firm and early investor in the company.
Founders
- Kunal Bahl, Co-founder
- Rohit Kumar Bansal, Co-founder
Other articles talking about it
More on AceVector
- Snapdeal parent AceVector raises Rs 189 crore via anchor book24 September 2026 · IPO · Rs 189 crore
- AceVector files for initial public offering12 September 2026 · IPO · ₹300 Cr
- AceVector gets SEBI approval for IPO17 November 2025 · IPO
- AceVector files confidential draft papers for IPO15 July 2025 · IPO · ₹500 Cr
- AceVector appoints new CEOs for Snapdeal and Stellaro8 January 2025 · People