AceVector Ltd Company Summary

AceVector Limited was initially incorporated as Jasper Infotech Private Limited on September 12, 2007, at New Delhi, as a Private Limited Company. Thereafter, the name of the Company, was changed to Snapdeal Private Limited dated March 20, 2019, issued by the RoC. Subsequently, the Company converted into a Public Limited company named Snapdeal Limited vide fresh Certificate of Incorporation dated December 9, 2021.

Pursuant to a special resolution, passed by Shareholders on December 30, 2022, it was named AceVector Limited dated January 6, 2023. The Company is an asset-light, AI-driven digital commerce and technology ecosystem in India, which operate through three core business engines: Snapdeal, Unicommerce and Stellaro Brands. Further, it is involved in providing various kinds of warehousing solutions and business of trading via e-commerce mode and providing e-commerce platform for consumer goods.The co-founders, Kunal Bahl and Rohit Kumar Bansal, started the business in 2007 as a coupon booklet business, which transformed into an online deals platform in 2010, and led its transformation into an online eCommerce marketplace for product in 2012.

The Company thereafter introduced Snapdeal, which includes an Online Shopping Application. In October 2015, it acquired 100% stake in Unicommerce e-solution Private Limited, a subsidiary of Company, which grew its business. It also acquired a minority stake in an associate, Tetra Media Private Limited in 2015.The Company acquired and invested in businesses, such as Vulcan Express Private Limited in 2014, each of PTap Delivery Solutions Private Limited, E-Agility Solutions Private Limited, Quickdel Logistics Private Limited, and Accelyst Pte Ltd and Accelyst Solutions Pvt Ltd in 2015, Unicommerce in 2017 and Newfangled Internet Private Limited (NIPL) in 2019.

In April 2021, the Company removed certain shipping or cash-on-delivery charges that were previously charged to buyers and provide free shipping to buyers and increase their delivered units.The Company enhanced its capabilities designed to cater to value-conscious users by providing a seamless, end-to-end marketplace across product listings, fulfillment and user support, powered by technology and data analytics. Coupled with a quality user experience, it created smooth, discovery-led buying journeys for value-seeking buyers, who visit their platform not only to purchase value-for-money products, but also for aspirational on-trend products without having to pay a premium for branded or expensive products. Apart from these, the advertising media focused on how the platform solves certain pain points of users and is delivered in English and multiple Indian languages.Through Unicommerce, the Company also acquired Shipway and Convertway in FY 2025.

The company launched the IPO by issuing 131,250,000 equity shares having the Face value of Rs 1 each and raised Rs 420 crore. The IPO comprise a fresh issue of 89,687,500 equity shares amounting to Rs 287 crore and the offer for sale of 41,562,500 equity shares amounting to Rs 133 crore on September 29, 2026.