AceVector Limited has refiled its draft prospectus with SEBI, setting the stage for its public listing with a ₹300 crore fresh issue and an OFS of up to 63.87 million shares. The OFS will include a partial exit by major investor SoftBank, whose entity Starfish owns 30.68% of the company.
Founders Kunal Bahl and Rohit Bansal will hold on to their entire 34.63% combined stake, opting out of the share sale.
AceVector operates three businesses—Snapdeal, Unicommerce, and Stellaro Brands—each targeting different parts of India’s digital commerce ecosystem. While Snapdeal focuses on value-conscious consumers, Unicommerce dominates the SaaS fulfilment layer, and Stellaro Brands concentrates on building new-age brands.
According to the filing, the IPO funds will be used for platform technology upgrades, brand-building efforts for Snapdeal, and acquisitions aimed at expanding the company’s footprint across the e-commerce chain.
India’s e-commerce market continues to see rapid adoption. With a projected value of US$234.4 billion by FY2030, the sector remains one of the fastest-growing digital segments globally, offering favourable conditions for consumer-tech listings.
