AceVector, the parent company of Snapdeal, has filed an updated Draft Red Herring Prospectus with SEBI, moving closer to its IPO launch.
The offer includes a ₹300 crore fresh issue of equity shares, alongside an Offer-for-Sale of about 63.8 million shares by existing investors.
Promoted by founders and backed by SoftBank, Nexus Venture Partners, eBay, and Temasek, AceVector also operates Unicommerce and Stellaro Brands.
Proceeds from the IPO are planned for marketing, technology upgrades, and strategic growth initiatives. The filing signals the company’s intent to strengthen its financial position and expand in India’s competitive e‑commerce market.