AceVector Gets SEBI Nod to Launch IPO
- AceVector, parent of Snapdeal and Unicommerce, receives SEBI approval for IPO.
- Public issue to include fresh shares and an offer for sale by major investors.
- Company reported Rs 380 crore revenue in FY24 across e-commerce, software, and consumer brands.
AceVector Limited, the parent company behind Snapdeal, Unicommerce, and Stellaro Brands, has secured approval from the Securities and Exchange Board of India (SEBI) to move ahead with its initial public offering. The Gurugram-based company had filed its draft papers confidentially in July 2025.
The IPO will include a fresh issue of shares along with an offer for sale from existing shareholders. Some of the company’s largest investors like SoftBank, Nexus Venture Partners, and cofounders Kunal Bahl and Rohit Bansal are expected to participate in the offer for sale. Sources said IIFL and CLSA are acting as the book-running lead managers for the issuance.
AceVector oversees multiple businesses, including Snapdeal, the value-focused e-commerce marketplace; Unicommerce, the software-based commerce enablement platform that also operates Shipway and Convertway; and Stellaro Brands, which builds and scales consumer labels.
The company posted revenue of around Rs 380 crore in FY24 with an adjusted EBITDA loss of Rs 16 crore. Financials for FY25 are yet to be released. Snapdeal, once a major horizontal marketplace, has repositioned itself for value shoppers, with more than 80% of orders priced below Rs 599. The platform saw festive sales jump 60% during September-October 2025.
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Unicommerce, now a listed subsidiary, serves over 7,500 merchants across domestic and international markets. It reported an annual recurring revenue of Rs 200 crore in Q2 FY26-up 75% from FY25. Meanwhile, Stellaro Brands continues expanding labels like Rangita across southern India.
AceVector joins a growing list of companies including boAt, Wakefit, Shadowfax, Curefoods, Shiprocket, Milky Mist, and Capillary Technologies that recently received SEBI’s approval for an IPO.
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