AceVector Limited, the SoftBank-backed parent of Snapdeal and Unicommerce, has submitted revised draft IPO documents to SEBI, seeking to raise about ₹300 crore through a fresh issue, alongside an Offer for Sale of up to 63.87 million shares by existing investors.
Founders Kunal Bahl and Rohit Bansal, who jointly own 34.63 per cent, will not sell shares, while SoftBank’s entity Starfish plans to offload part of its 30.68 per cent stake.
The Gurugram-based company operates a value-focused marketplace (Snapdeal), the e-commerce enablement platform Unicommerce, and Stellaro Brands. Although strategically aligned, the businesses function independently with separate revenue streams.
IPO proceeds are earmarked for strengthening Snapdeal’s technology and marketing efforts, pursuing acquisitions, and meeting general corporate needs. AceVector has previously grown through acquisitions including Unicommerce and Shipway, and remains the largest shareholder in Unicommerce, which went public in 2024.
The company is positioning itself within India’s rapidly expanding e-commerce landscape, projected to reach US$234.4 billion by FY2030, supported by wider digital adoption and rising non-metro demand.
