AceVector | ₹189 Cr (Anchor Round, Pre-IPO)

Founders: Kunal Bahl, Rohit Bansal

Founded: 2010 (Snapdeal)

HQ: New Delhi

Sector: E-commerce / Digital Commerce Holding Company

What they do

→ Parent company of Snapdeal (value e-commerce marketplace), Unicommerce (e-commerce SaaS, already listed), and Stellaro Brands | AceVector (omnichannel D2C retailing)

→ Positions Snapdeal as a value-focused player targeting Tier 2 and smaller Indian cities

→ Unicommerce's own 2024 IPO was oversubscribed 168x, a strong signal for the group

The Funding

→ Raised ₹189 Cr from 14 anchor investors at ₹32/share, the top of the price band

→ Negen Undiscovered Value Fund led with ₹40 Cr, followed by Singularity Growth Opportunities Fund II (~₹27 Cr) and 360 ONE's Turnaround Opportunities Fund (~₹20 Cr)

→ Helios and Taurus Mutual Fund took 15.87% of the anchor allocation

→ Precedes a ₹420 Cr IPO (Sept 25–29), valuing AceVector at ~₹1,741 Cr; expected to list October 5

Why it matters

→ Marks AceVector's second IPO attempt after shelving plans in 2022

→ SoftBank-linked Starfish I actually cut its OFS by 34.8%, signaling confidence rather than a full exit

→ FY26 revenue grew 29% to ₹510 Cr, with EBITDA losses narrowing sharply

→ ₹100 Cr+ earmarked for acquisitions, with no targets identified yet a real wildcard for the group's next chapter

Can Snapdeal's value-shopper bet finally pay off as a public company after two failed IPO attempts?