AceVector Group, the parent company of Snapdeal, has reported a consolidated net loss of ₹22.5 crore for the first half of fiscal year 2026 (H1 FY26), marking a sharp shrinkage in losses compared with the same period last year.
Alongside, the company posted a 35% jump in operating revenue — a sign that Snapdeal and its group firms may be inching toward financial stabilization even as it prepares for an IPO.
What the Numbers Show — Revenue Up, Losses Down
- Operating revenue rose to ₹244.4 crore in H1 FY26, up from ₹181.1 crore a year ago.
- The ₹22.5 crore net loss for the period is nearly an 80% reduction compared with the previous year’s H1 loss.
- AceVector also reported a positive net operating cash flow, signaling improved liquidity and operational health.
These developments represent a meaningful improvement in the company’s financials, especially after years of heavy losses — a crucial turnaround as the company looks to re-launch its IPO ambitions.
Background — Why the Performance Turnaround Matters
- AceVector had previously filed for an IPO in 2021 but withdrew the offer amid poor market conditions.
- The group includes Snapdeal (e-commerce), along with a SaaS business (Unicommerce) and other allied ventures — giving it a diversified business structure that helps balance risks.
- The improved metrics — lower losses, better revenue and positive cash flow — come just as AceVector re-files a draft red-herring prospectus (DRHP) with SEBI, signalling renewed intent to raise fresh capital (~₹300 crore) and go public.
What This Means — For Snapdeal, Investors & the Ecommerce Space
- ✅ Nearer to IPO viability: Reduced losses and improved cash flow strengthen AceVector’s proposition to investors ahead of its planned IPO, restoring some confidence.
- 📈 Better operational discipline: The sharp cut in loss suggests tighter cost controls, possibly better inventory/fulfillment management, and healthier unit economics.
- 🔄 Diversified business model helps: With multiple verticals under AceVector (marketplace, SaaS, brands), its risk is spread — making the overall business more resilient than a pure-play ecommerce firm.
- ⚠️ Still not profitable: While loss has shrunk, the company hasn’t turned net positive yet; sustainability after IPO will depend on continued growth and cost control.
What to Watch Next — Key Upcoming Milestones
- The progress of the IPO filing for up to ₹300 crore, which will test investor appetite for Snapdeal’s renewed story. Entrackr
- Performance in H2 FY26 — whether growth continues and losses shrink further. A profitable full fiscal year could be a strong signal.
- Execution of business plan: fulfillment efficiency, supply-chain management, competition with other ecommerce players, and performance of allied businesses like Unicommerce.
- Market sentiment: success depends on how investors perceive Snapdeal’s revival and differentiation, especially relative to larger ecommerce rivals.
Conclusion
The ₹22.5 crore loss in H1 FY26 for Snapdeal’s parent — down 80% year-on-year — marks an important turning point. Combined with a 35% jump in revenue and positive operating cash flow, the improved financials suggest that AceVector may be close to regaining its footing.
As the company readies for a public listing again, its ability to sustain this momentum will be critical — not just for its own future, but as a test case for value-ecommerce and mid-tier online marketplaces in India’s evolving retail landscape.
