AceVector Parent of Snapdeal & Unicommerce Secures SEBI Nod for IPO

AceVector Ltd., parent of Snapdeal and Unicommerce, secured SEBI approval for its IPO, which includes fresh issues and an offer for sale by SoftBank and founders Kunal Bahl and Rohit Bansal. Managed by IIFL and CLSA, the firm posted ₹380 crore revenue in FY24 with a ₹16 crore EBITDA loss. It also expands Stellaro Brands and can launch the IPO within a year.