Snapdeal Parent AceVector Speeds Up IPO Plans
Snapdeal’s parent company, AceVector, has filed an updated draft prospectus with SEBI, signaling rapid progress toward its public listing. The IPO aims to raise ₹300 million, with 6.38 crore shares offered for sale while Snapdeal founders retain full stakes. Funds will boost Snapdeal’s marketing, tech infrastructure, and acquisitions.