Snapdeal parent AceVector to launch IPO on September 25, seeks Rs 1,741-crore valuation
AceVector is raising Rs 287 crore in fresh capital through the IPO, while investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore through the offer-for-sale component.
AceVector, the parent company of the defunct Indian ecommerce marketplace Snapdeal, is set to launch its initial public offering (IPO) on September 25. The company has earmarked a price range of Rs 30-32 per share for the IPO, which could value Snapdeal at Rs 1,741 crore ($182 million) at the higher end of the spectrum.
The IPO will raise Rs 287 crore in fresh capital, with SoftBank, the largest shareholder holding a 30.1% stake, contributing Rs 88 crore through an offer-for-sale. Other investors, including Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore as part of the offer-for-sale.
Notably, the IPO valuation marks a significant drop from Snapdeal's peak valuation of $6.5 billion in 2016. SoftBank, which invested about $1 billion in Snapdeal between 2014 and 2015, wrote off the investment in 2017 after merger talks with Flipkart fell through.
AceVector's founders, Kunal Bahl and Rohit Bansal, retain a 34% stake in the company, choosing not to sell any shares in the IPO. Post-IPO, almost half of the proceeds will be allocated towards promotional activities to rejuvenate Snapdeal's growth. The IPO was filed confidentially in July 2025 and received regulatory approval in November 2025.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- The great IPO crush: 23 firms rush to launch Rs 40,775 crore IPOs before September 30 deadline economictimes.indiatimes.com
