{
  "id": 12288660,
  "title": "Snapdeal’s Weak Listing, Founders Pledge Stakes & More",
  "url": "https://urgent.news/2026/10/06/snapdeals-weak-listing-founders-pledge-stakes-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T02:30:13.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/snapdeals-weak-listing-founders-pledge-stakes-more/"
  },
  "original_language": "en",
  "account": "AceVector debuted on the Bombay Stock Exchange (BSE) at ₹28.30, an 11.6% discount to its issue price of ₹32 per share. The stock continued to fall, closing more than 18% lower than the issue price on the National Stock Exchange (NSE). Analysts cited persistent losses, negative operating cash flows, and intense competition as key reasons for the poor performance. Meesho, a competitor with a much larger market value, reported a net manageable valuation (NMV) of ₹41,560 Cr in FY26, compared to Snapdeal's ₹1,093.1 Cr. Snapdeal's user base also lagged behind Meesho's, with 264.29 Mn annual transacting users in FY26 versus Snapdeal's 12.16 Mn users. Despite these challenges, AceVector's SaaS arm showed relatively strong growth, with revenue increasing 51.6% YoY to ₹204.3 Cr in FY26. Founders of other startups, such as Ola Electric's Bhavish Aggarwal and ideaForge's Ankit Mehta, have pledged stakes to support their respective companies' upcoming rights issues. Meanwhile, edtech platform Leverage Edu is exploring a ₹500 Cr pre-IPO fundraise and recently became EBITDA profitable in FY26. In the overall startup funding landscape, venture debt firm Stride Ventures and Alteria Capital were the most active investors in Q3 2026, followed by 3one4 Capital, Rainmatter, IvyCap Ventures, and Antler. PhysicsWallah's subsidiary FinZ Finance has agreed to sell its loan portfolio to Auxilo Finserve, as part of the company's strategy to optimize capital allocation and reduce balance sheet exposure.",
  "summary": "AceVector’s Dull D-Street Debut AceVector stepped onto Dalal Street with a weak show. Shares of the Snapdeal parent listed at…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}