• AceVector submits draft papers under SEBI’s confidential route, extending IPO launch flexibility.
• SaaS arm posts Rs 135 crore revenue and 34% profit growth in FY25.
• Joins firms like Groww, Urban Company, and BoAt in India’s 2025 IPO pipeline.

AceVector Group, the Gurugram-headquartered parent entity of e-commerce firm Snapdeal and SaaS company Unicommerce, has submitted confidential draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The company announced the filing through a newspaper notice on Saturday.

This filing under the SEBI confidential route provides for companies to keep the public disclosure of their Draft Red Herring Prospectus (DRHP) on hold until the IPO process is at a more evolved level. A mechanism introduced as recently as 2022, this provides increased flexibility by allowing the IPO window to be opened for up to 18 months after the approval from SEBI, against the usual 12 months.

AceVector, which was founded by Kunal Bahl and Rohit Bansal, has not just Snapdeal under its belt but Unicommerce, a SaaS logistics and supply chain solution company, and Stellaro Brands, its consumer brand development business. It currently has a 28.19% stake in Unicommerce and is registered as one of its promoter shareholders.

Also Read- SEBI Bars Jane Street, Orders Rs 4,843 Crore Deposit Over Options Trading Abuse

For the year ending March 31, 2025, Unicommerce posted a 30% revenue growth to Rs 135 crore and a 34% rise in net profit to Rs 18 crore. In comparison, Snapdeal reported a paltry 2% revenue growth to Rs 380 crore, its net loss reducing by 43% to Rs 160 crore.

AceVector thus becomes the latest in a series of Indian new-age firms to target the public markets. Some other prominent startups that have filed preliminary papers in 2025 are Groww, Shiprocket, PhysicsWallah, Urban Company, Wakefit, BoAt (Imagine Marketing), Capillary Technologies, and Curefoods. Some of these, such as Groww and logistics company Shadowfax Technologies, have also used the confidential filing pathway.

The step is a major one for AceVector as it prepares to shift from being a private technology firm to a listed company as Indian startup ecosystem sees a revival of IPO activity.