Author: Aditya Pareek | EQMint | Press release
SoftBank-backed digital-commerce ecosystem AceVector Limited has filed updated draft IPO papers with SEBI, proposing to raise ₹300 crore through a fresh issue, along with an Offer for Sale (OFS) of up to 63.87 million shares by existing shareholders.
AceVector’s promoters and founders Kunal Bahl and Rohit Bansal, who together hold a 34.63 per cent stake, will not participate in the OFS. This comprises Bahl’s individual shareholding of about 12.42 percent, Bansal’s individual shareholding of about 11.14 per cent and an additional 11.07 per cent held through their jointly owned entity, B2 Professional Services LLP. Promoter SoftBank’s entity Starfish, which owns 30.68 per cent stake in the company, will be divesting a part of its stake.
Gurugram-based AceVector is a digital commerce ecosystem comprising (i) value focused lifestyle ecommerce marketplace, Snapdeal (ii) e-commerce enablement SaaS platform, Unicommerce, and (iii) omnichannel consumer brands business, Stellaro Brands. AceVector’s marketplace business, Snapdeal is among the top two pure-play value marketplace platforms in India. Unicommerce is the largest e-commerce enablement SaaS platform in the transaction processing layer in India and Stellaro Brands is focused on incubating and scaling consumer brands. The filing notes that these three businesses, while strategically aligned, operate independently with diversified revenue streams and distinct market focus areas across large and fast-growing segments of India’s e-commerce sector.
AceVector plans to use the IPO proceeds to fund the technology infrastructure costs, marketing and business promotion expenses of its marketplace, Snapdeal and for funding inorganic growth through acquisitions and for general corporate purposes. AceVector highlights its shared synergies and its track record of acquiring and scaling businesses across the e-commerce value chain, including Unicommerce and Shipway. It intends to continue pursuing inorganic growth opportunities through strategic M&A. AceVector is also the largest shareholder in Unicommerce, which listed in 2024 with an IPO oversubscribed nearly 168.32 times.
India’s large, fast-growing e-commerce market is projected to grow at 19.6% CAGR from US$ 95.8 billion in FY 2025 to US$ 234.4 billion by FY 2030, fuelled by expanding internet access, digital payment adoption, and increasing consumer demand beyond metro cities.
Disclaimer
ACEVECTOR LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the UDRHP-I dated December 6, 2025 with SEBI and the Stock Exchanges. The UDRHP-I is available on the website of the Company i.e., www.acevector.com, SEBI at www.sebi.gov.in, as well as on the websites of the BRLM, i.e., IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and CLSA India Private Limited at www.iiflcapital.com and www.india.clsa.com, respectively and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section entitled “Risk Factors” on page no 43 of the UDRHP-I and the details set out in the RHP, when filed. Potential investors should not rely on the UDRHP-I for making any investment decision.
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