Snapdeal’s holding firm, AceVector Limited, is preparing to file its Draft Red Herring Prospectus (DRHP) with SEBI in August 2025 to raise ₹500 crore via an IPO. The capital raise will be primarily a primary offering, underwritten by CLSA and IIFL
📌 4 Strategic Insights Behind the IPO
1️⃣ Strengthening the e‑commerce ecosystem
AceVector encompasses Snapdeal (value-focused marketplace), Unicommerce (SaaS e-commerce tech), and Stellaro Brands (consumer lifestyle brands). The IPO aims to support expansion across all three verticals
2️⃣ Backed by marquee investors
The holding company is backed by SoftBank, Nexus Venture Partners, and co-founders Kunal Bahl and Rohit Bansal—offering strong credibility and a solid growth narrative
3️⃣ Learning from Unicommerce’s success
AceVector benefits from Unicommerce’s hyper-growth and successful IPO in 2024 (168× subscription), with the company now expanding via acquisitions like Shipway. The public listing will unlock new capital for further scaling Moneycontrol
4️⃣ Timing the market opportunity
With India’s Tier‑2 and Tier‑3 e-commerce rapidly growing—Snapdeal derives over 80% of its orders from non-metro areas—the listing aligns with the broader fintech and e-commerce capital boom
🔭 What to Watch Next
- DRHP filing in August: Track prospectus details including valuation, use of proceeds, and whether it includes Offer-for-Sale.
- Investor appetite: Monitor interest levels from institutional and retail investors amidst broader IPO momentum in tech.
- Segment growth: Use of IPO funds for tech stack upgrades, logistics expansion, brand-building, and geographic penetration.
- Market comparison: Positioning relative to other recent and upcoming IPOs like Zomato’s Blinkit and other scaled ecosystems.
✅ Bottom Line
Snapdeal’s parent, AceVector, is set to file for a ₹500 crore IPO in August, leveraging the strength of its marketplace, SaaS tech, and consumer brand assets. With strong investor backing, an expanding market base, and credible execution history, the IPO could be a significant value unlocking event for India’s mid-tier e-commerce ecosystem.
