Starfish earns ₹88 crore selling AceVector shares in IPO
By Abha Lohia ·
- AceVector owns the Snapdeal shopping marketplace plus Unicommerce, a software firm helping online sellers; the IPO price values it near ₹1,741 crore
- SoftBank-backed Starfish, its biggest shareholder, sold 2.76 crore shares at ₹32 each, collecting roughly ₹88.3 crore in the offer for sale
- Nexus Venture Partners also exited partly, and the stock is due to list on BSE and NSE on October 5
What happened
- Starfish sold 2.76 crore shares at ₹32.
- It collected about ₹88.3 crore.
- Starfish still holds 11.3 crore shares.
- Nexus funds also sold part of their stakes.
Why it matters
- It shows early investors taking money out through the IPO.
- Fresh issue of ₹287 crore went to the company.
The business
- Parent of Snapdeal and Unicommerce.
Who put in money
- Starfish I Pte Ltd Largest shareholder — SoftBank-backed
- Nexus Venture Partners Seller
In numbers
₹420 CrIPO size · 2026
4.93xSubscription · 2026
What happens next
- Listing on BSE and NSE on October 5.
More on AceVector
- ACAceVector · IPO · 5 October 2026 · ₹420 CrAceVector lists on exchanges below issue price
- ACAceVector · IPO · 24 September 2026 · Rs 189 croreSnapdeal parent AceVector raises Rs 189 crore via anchor book
- ACAceVector · IPO · 12 September 2026 · ₹300 CrAceVector files for initial public offering
- ACAceVector · IPO · 6 December 2025 · ₹300 CrAceVector files updated IPO papers for ₹300 crore
- ACAceVector · IPO · 17 November 2025AceVector gets SEBI approval for IPO
- ACAceVector · IPO · 15 July 2025 · ₹500 CrAceVector files confidential draft papers for IPO
- ACAceVector · People · 8 January 2025AceVector appoints new CEOs for Snapdeal and Stellaro
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