AceVector Limited Initial Public Offering Approval

AceVector Limited, the parent entity behind Snapdeal, Unicommerce, and Stellaro Brands, has secured approval from the Securities and Exchange Board of India for its initial public offering. The company, based in Gurugram, submitted its draft red herring prospectus via the confidential route in July 2025. The development was exclusively reported by Startup Superb at that time. The public offering will feature a new share issuance alongside a sale of shares by current investors. Notable shareholders include SoftBank, Nexus Venture Partners, and co-founders Kunal Bahl and Rohit Bansal. Sources indicate that IIFL and CLSA are collaborating with the company as the lead managers for this offering.

Overview of AceVector’s Business Operations

AceVector encompasses a range of businesses, which include the e-commerce platform Snapdeal, the software-driven commerce enablement service Unicommerce, which also operates Shipway and Convertway, and the consumer brands division, Stellaro Brands. For the financial year concluding in March 2024, the company reported revenues around Rs 380 crore, coupled with an adjusted EBITDA loss of Rs 16 crore. Financial figures for FY25 have yet to be disclosed.

Snapdeal’s Market Position

Snapdeal, which once stood as a leading horizontal marketplace, has transformed into a platform catering specifically to value-seeking consumers. Over 80% of its orders are priced at under Rs 599. During the festive sales period in September and October 2025, it noted a 60% increase in sales driven by heightened demand in value fashion.

Unicommerce’s Growth

Unicommerce, which is currently a publicly listed subsidiary, serves more than 7,500 merchants both in India and overseas. The company achieved an annual recurring revenue of roughly Rs 200 crore in the second quarter of financial year 2026, marking a 75% increase from FY25.

Stellaro Brands Expansion

Stellaro Brands is broadening the presence of its labels, including Rangita, particularly in southern markets. According to AceVector, their various business segments collaborate effectively, enhancing the overall value of the company.

AceVector joins the ranks of other enterprises such as boAt, Wakefit, Shadowfax, Curefoods, Shiprocket, Milky Mist, and Capillary Technologies, all of which have recently secured SEBI approval.