Softbank-backed AceVector has filed its updated draft red herring prospectus, with a plan to raise fresh equity capital of ₹300 crore via an initial public offering (IPO). The IPO also comprises an offer for sale (OFS) of 6.38 crore shares.
Led by Kunal Bahl and Rohit Bansal, the company is a digital commerce ecosystem comprising lifestyle e-commerce marketplace – Snapdeal, e-commerce enablement SaaS platform – Unicommerce, and Stellaro Brands, an omnichannel consumer brands business.
As per the company’s URDHP, AceVector will use the net IPO proceeds for funding a portion of the marketing and business promotion expenses, as well as funding the technology infrastructure costs of its marketplace business. Additionally, the proceeds may be used to fund inorganic growth through acquisitions and for general corporate purposes. It has proposed to deploy the net proceeds over fiscal years 2026, 2027, 2028, and 2029.
SoftBank has around a 30% stake in the company, while Kunal Bahl & Rohit Bansal, collectively, hold about a 34% stake (in their individual capacity and through a jointly controlled entity B2 Professional Services LLP). Other investors include Nexus Venture Partners, which has a stake of more than 9%, and multinational giants such as eBay, Foxconn, Temasek, Bengaluru-based Premji Invest and RNT Associates.
Published – December 08, 2025 09:10 pm IST
