AceVector gets IPO approval from SEBI

AceVector Limited, the parent company of Snapdeal, Unicommerce and Stellaro Brands, has received approval from the Securities and Exchange Board of India to launch its initial public offering. 

The Gurugram based company had filed its draft red herring prospectus through the confidential route in July 2025. Entrackr exclusively reported the development then.

The public issue will include a fresh issue of shares along with an offer for sale by existing investors. SoftBank, Nexus Venture Partners and cofounders Kunal Bahl and Rohit Bansal are among the largest shareholders. 

According to sources, IIFL and CLSA are working with the company as the book running lead managers for the offering.

AceVector operates a group of businesses that include e-commerce marketplace Snapdeal, software based commerce enablement platform Unicommerce which also runs Shipway and Convertway, and consumer brands arm Stellaro Brands. 

The company recorded revenue of about Rs 380 crore in the financial year ending March 2024 with an adjusted EBITDA loss of Rs 16 crore. Its financials numbers for FY25 are yet to be filed.

Snapdeal which was once a major horizontal marketplace has rebuilt itself as a platform for value seekers. More than 80% of its orders are priced below Rs 599. It reported a 60% jump in festive season sales during September and October 2025 driven by strong demand in value fashion.

Unicommerce, which is now a listed subsidiary, serves over seven thousand five hundred merchants across India and international markets. The company reported annual recurring revenue of about Rs 200 crore in the second quarter of financial year 2026 which was 75% more than FY25.

Stellaro Brands is expanding the reach of its labels such as Rangita in southern markets. AceVector says its various business units work together and contribute to the company’s overall value.

AceVector joins other companies such as boAt, Wakefit, Shadowfax, Curefoods, Shiprocket, Milky Mist and Capillary Technologies that have also received SEBI approval in recent months.