Snapdeal Parent AceVector To File DRHP For INR 500 Cr IPO

AceVector’s public issue will primarily comprise a fresh issue of shares and the company is likely to appoint CLSA and IIFL as bankers to helm the IPO

AceVector is the parent company of Snapdeal, listed ecommerce enablement platform Unicommerce, and house of brands Stellaro

Cofounders Kunal Bahl and Rohit Bansal, along with SoftBank and Nexus Venture Partners, are the biggest shareholders in AceVector

Ecommerce platform Snapdeal’s parent AceVector is reportedly preparing to file its draft red herring prospectus…