AceVector, owner of Snapdeal, filed updated IPO papers seeking ₹300 crore, with founders not selling shares.

AceVector, owner of Snapdeal and backed by SoftBank, has filed updated IPO papers with India’s Sebi, seeking to raise ₹300 crore via a fresh share issuance and an offer-for-sale of 6.38 crore shares by existing investors, including Starfish I Pte Ltd and Nexus, while founders Kunal Bahl and Rohit Bansal will not sell shares. The company, which also operates Unicommerce and Stellaro Brands, reported a 34% year-on-year revenue rise to ₹244 crore in the first half of FY26 and narrowed its adjusted EBITDA loss to ₹9.2 crore. Proceeds will fund tech upgrades, marketing, and acquisitions. Sebi approved the IPO in November after a July confidential filing, allowing flexibility in final offering size.