Snapdeal parent company AceVector files confidential draft papers for IPO

AceVector Group, the Gurugram-based parent company of e-commerce marketplace Snapdeal and SaaS platform Unicommerce, has filed confidential draft papers for an initial public offering with the Securities and Exchange Board of India (SEBI), the company said in a newspaper advertisement on Saturday.

The filing, made under SEBI’s confidential route, allows companies to defer public disclosure of their Draft Red Herring Prospectus (DRHP) until the process reaches an advanced stage. The facility, introduced in 2022, provides firms greater flexibility, extending the window for launching an IPO to 18 months from SEBI’s final comments, compared to 12 months under the traditional path.

AceVector, founded by Kunal Bahl and Rohit Bansal, also owns Stellaro Brands, a consumer brand‑building arm, and is listed as a promoter shareholder of Unicommerce, in which it holds 28.19% stake.

For fiscal year 2025 ended March 31, Unicommerce reported revenue of Rs 135 crore, a 30% year-on-year increase, while net profit rose 34% to Rs 18 crore. Snapdeal, meanwhile, reported marginal revenue growth of 2% in FY24 to Rs 380 crore. Its net loss narrowed by 43% to Rs 160 crore.

AceVector joins a growing cohort of Indian new-age firms exploring public listings. Others that have filed draft papers this year include Groww, Shiprocket, PhysicsWallah, Urban Company, Wakefit, BoAt parent Imagine Marketing, Capillary Technologies, and Curefoods.

Like AceVector, several of these companies, such as stock broking platform Groww and logistics provider Shadowfax Technologies, have also opted for the confidential filing route.