AceVector, Parent of Snapdeal, Launches IPO Seeking $181 Million Valuation
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New informationRepeats or wire copies
What happened
AceVector, the parent company of the Indian e-commerce company Snapdeal, has initiated an Initial Public Offering (IPO) targeting a valuation of up to ₹1,741 crore ($181.71 million). The IPO will open for public subscription on September 25, with the company setting a price band of ₹30 to ₹32 for the ₹420 crore ($43.84 million) offering. The offering includes a fresh issue of shares worth ₹287 crore and an offer for sale of up to 41.56 million shares from existing investors.
Why it matters
The IPO allows AceVector to raise capital for marketing, business promotion, technology infrastructure costs, and inorganic growth opportunities. The offering includes stakes being sold by Nexus Venture Partners and up to 27.61 million shares from Starfish, which is owned by SoftBank. AceVector reported a consolidated loss of ₹37.555 crore before exceptional items and tax for fiscal year 2026, against revenue of ₹510 crore.
Who's involved
- SnapdealIndian e-commerce company whose parent company is undergoing an IPO
- FoxconnTaiwanese multinational electronics contract manufacturer involved in the IPO process
- Freechargee-commerce website acquired by Snapdeal
- AmazonAmerican multinational technology company noted for participation in the YouTube shopping program
How it developed
Newest first. Tap a step to see who reported it.- AceVector utilizes Snapdeal as a key business unit and targets customers across various pin codes in India.Sub-event
Nexus Venture Partners is selling stakes in AceVector, the parent of Snapdeal.1 source
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The entities involved
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Snapdeal
Indian e-commerce company
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