New Delhi: AceVector, the parent company of e-commerce company Snapdeal, has filed its updated draft Red Herring Prospectus (UDRHP) with SEBI. This makes it clear that the company is now moving fast in its public listing and is active in raising capital.
According to the document, ACevector is planning to raise up to Rs 300 million from the latest issue through this IPO. Also, 6.38 crore equity shares will be sold under the Offer for Sale (OFS), in which initial investors like SoftBank and Nexus Venture Partners will sell their stake. The special thing is that associate founders Kunal Bahl and Rohit Bansal will retain their entire stake.
AceVector said that the money raised will be used for advertising and marketing, strengthening the technical infrastructure of the Snapdeal marketplace and expansion through acquisitions. Along with this, funds will also be invested in common corporate needs.
SEBI Approval and Confidential Route
The company had submitted draft documents to SEBI in July 2025 under the confidential route and got SEBI’s approval on 17 November. This route gives companies flexibility in deciding the issue size and the share number can be changed by 50 percent as per the requirement.
AceVector not only owns Snapdeal, but also owns more than 28 percent stake in e-commerce software platform Unicommerce and also owns Stellaro Brands.
AceVector financials
In the six months ended September 30, 2025, the company’s operating income was Rs 244 million and a loss of Rs 22 million was recorded. At the same time, in the entire financial year ended March 2025, the income was Rs 395 million and the loss reached Rs 126 million.
AceVector’s move comes at a time when several New Age companies, such as Urban Company, Lenskart, Groww, Ather Energy, Bluestone and Pine Labs, have unlocked cash worth over Rs 15,000 crore for their investors. E-commerce platforms like Meeesho were also in the news among investors. The listing of Snapdeal’s parent ACEvector could also push the same trend.