Archive · 8 Dec 2025
AceVector Files IPO to Raise ₹300 Crore
AceVector, a company backed by SoftBank and led by Kunal Bahl and Rohit Bansal, has filed plans to raise ₹300 crore through an IPO.
This money will be used to support its e-commerce marketplace Snapdeal, its SaaS platform Unicommerce, and its consumer brands business Stellaro Brands.
The company aims to use the funds for marketing, technology, and potential acquisitions.
Snapdeal, one of India's top value marketplace platforms, has seen significant growth, delivering 13 million units in the first half of FY26, a 46% increase from the previous year.
The IPO includes a fresh issue of ₹300 crore and an offer-for-sale of 6.38 crore shares.
Major investors in AceVector include SoftBank, Nexus Venture Partners, eBay, Foxconn, and Temasek.
AceVector files updated draft red herring prospectus to raise ₹300 crore through IPO.
IPO comprises a fresh issue of ₹300 crore and an offer-for-sale of 6.38 crore shares.
Proceeds to fund marketing, technology infrastructure, acquisitions, and general corporate purposes.
AceVector's businesses include Snapdeal, Unicommerce, and Stellaro Brands.
Snapdeal delivered 13 million units in H1 FY26, a 46% increase from H1 FY25.
- Who
- AceVector, led by Kunal Bahl and Rohit Bansal, with SoftBank as a major investor
- What
- Filing of updated draft red herring prospectus for an IPO to raise ₹300 crore
- When
- December 8, 2025
- Where
- India
- Why
- To fund marketing, technology infrastructure, acquisitions, and general corporate purposes
- Company
- AceVector
- IPO Amount
- ₹300 crore
- Fresh Issue
- ₹300 crore
- Offer-for-Sale
- 6.38 crore shares
- Prominent Investors
- SoftBank, Kunal Bahl, Rohit Bansal, Nexus Venture Partners, eBay, Foxconn, Temasek, Premji Invest, RNT Associates
- Key Businesses
- Snapdeal, Unicommerce, Stellaro Brands
- Snapdeal H1 FY26 Performance
- 13 million units delivered, 46% jump from H1 FY25
- Revenue H1 FY26
- ₹544 crore