AceVector comprises an e-commerce marketplace Snapdeal, an e-commerce enablement SaaS platform Unicommerce, and Stellaro Brands, an omnichannel consumer brands business | Photo Credit: Kshitij Goel
The IPO comprises a fresh issue of ₹300 crore and an offer-for-sale of 6.38 crore shares.
Led by Kunal Bahl and Rohit Bansal, AceVector is a digital commerce ecosystem comprising a value-focused lifestyle e-commerce marketplace – Snapdeal, an e-commerce enablement SaaS platform – Unicommerce, and Stellaro Brands, an omnichannel consumer brands business.
The company will use the net IPO proceeds to fund a portion of the marketing and business promotion expenses, as well as fund the technology infrastructure costs of its marketplace business.
Additionally, the proceeds may be used to fund inorganic growth through acquisitions and for general corporate purposes, said the DRHP.
It has proposed to deploy the net proceeds over fiscal years 2026, 2027, 2028, and 2029, it added.
AceVector’s promoters include Softbank and co-founders Kunal Bahl and Rohit Bansal. SoftBank has an around 30 per cent stake in the company, while Kunal Bahl and Rohit Bansal collectively hold about a 34 per cent stake. Other investors include Nexus Venture Partners, which has a stake of more than 9 per cent, and multinational giants such as eBay, Foxconn, Temasek, Bengaluru-based Premji Invest and RNT Associates.
Snapdeal, one of India’s top two pure-play value marketplace platforms, delivered 13 million units in H1 FY26, a 46 per cent jump from 8.9 million units in H1 FY25.
With revenue of ₹544 crore in H1 FY26, this implies an Average Selling Price of ₹418. The filing also shows that 94 per cent of the Net Merchandise Value came from lifestyle categories, over 99 per cent of orders were placed on mobile, over 82 per cent originated from non-metro cities, and over 83 per cent came from repeat users.
AceVector is the largest shareholder in India’s largest e-commerce enablement SaaS provider Unicommerce, which was listed in 2024, with an IPO oversubscribed nearly 168 times.
Published on December 8, 2025
