eCommerce
Snapdeal Parent AceVector Files Confidential Draft IPO Papers
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SUMMARY
AceVector plans to raise INR 500 Cr via its public issue which will largely consist of a fresh issue. CLSA and IIFL are set be the bankers for the public listing
Apart from Snapdeal, AceVector is also the parent of Unicommerce and Stellaro Brands
Snapdeal filed its DRHP in 2021 as well to raise INR 1,250 Cr, but due to the funding winter and turmoil in the domestic and global markets, it pulled back on its IPO plans a year later
AceVector, the parent company of ecommerce major Snapdeal
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