Snapdeal Parent AceVector Cuts Loss 64% Ahead of IPO
AceVector Limited, parent of Snapdeal, reported its net loss fell 64% to ₹45.5 Cr in FY26 as operating revenue grew 29.2%.
AceVector Limited, the parent company of ecommerce marketplace Snapdeal, has significantly reduced its losses in the fiscal year ending March 2026. The company's restated net loss declined nearly 64% year-on-year to ₹45.5 Cr, down from ₹126.3 Cr in FY25, according to its red herring prospectus (RHP) filed with the Securities and Exchange Board of India (SEBI).
This improvement was driven by a 29.2% jump in operating revenue, which reached ₹510.3 Cr for the fiscal year. Including other income of ₹27.3 Cr, AceVector's total income stood at ₹537.7 Cr. The company's adjusted EBITDA loss also narrowed sharply, falling 59.3% to ₹15.9 Cr from ₹39.2 Cr a year earlier.
IPO Details and Company Background
The financial disclosures come as AceVector prepares for its initial public offering. The IPO comprises a fresh issue of shares worth ₹287 Cr and an offer-for-sale component of up to 4.16 Cr shares. The public issue is scheduled to open for subscription on September 25 and close on September 29. This marks the company's second attempt to go public, having shelved a 2021 plan to raise INR 1,250 Cr due to market volatility.
Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal was once a major competitor to Flipkart and Amazon. After a failed merger with Flipkart in 2017, the company pivoted to a value-focused ecommerce model. In 2022, AceVector consolidated its three main entities-Snapdeal, listed ecommerce enablement platform Unicommerce, and house of brands platform Stellaro Brands-under a single parent structure.
Segment-Wise Performance
AceVector's revenue is split across three primary business segments. The marketplace segment, which is Snapdeal, remains the largest contributor.
| Segment | FY26 Revenue (₹ Cr) | % of Total Revenue | Key Metric (FY26) |
|---|---|---|---|
| Marketplace (Snapdeal) | 293.7 | 57.5% | NMV: ₹1,093.1 Cr; Units: 2.6 Cr; Users: 1.2 Cr |
| SaaS Business (Unicommerce) | 204.3 | 40% | Clients: 8,261; Adj. EBITDA Profit: ₹41.3 Cr |
| Consumer Brands (Stellaro) | 12.8 | 2.51% | Exclusive Brand Outlets: 17 |
The marketplace business reported an adjusted EBITDA loss of ₹50.2 Cr, slightly wider than the ₹48 Cr loss in FY25. In contrast, the SaaS business reported a profit, with adjusted EBITDA improving to ₹41.3 Cr from ₹25.3 Cr the previous year. Stellaro Brands operated 17 exclusive brand outlets by the end of March 2026.
Breakdown of Rising Expenses
Despite the improving top line and bottom line, AceVector's total expenses increased by 26.8% to ₹575.2 Cr in FY26. The RHP provides a detailed breakdown of where this money was spent.
Logistics was the single largest cost centre, with expenses surging 56.8% to ₹240.4 Cr. Employee benefit expenses rose 13.2% to ₹168.9 Cr. Marketing costs also increased, climbing 26.2% to ₹91.3 Cr for the fiscal year under review.
The company received regulatory approval to float its public issue in November 2025, following a confidential pre-filing of its draft red herring prospectus in July of that year. While AceVector stepped back from its earlier IPO attempt, its subsidiary Unicommerce successfully listed in 2024.
