AceVector, the parent company of popular e-commerce platform Snapdeal , has received approval from the Securities and Exchange Board of India (SEBI) to conduct its initial public offering (IPO). The upcoming public issue will comprise a fresh issue of shares as well as an offer for sale by existing investors. Business overview AceVector's business portfolio and financial performance AceVector operates a diverse range of businesses, including Snapdeal, Unicommerce (a software-based commerce enablement platform), and Stellaro Brands. Market evolution Snapdeal's transformation and Unicommerce's growth Once a major horizontal marketplace, Snapdeal has transformed into a platform for value seekers. Meanwhile, Unicommerce serves more than 7,500 merchants across India and international markets and reported an annual recurring revenue of about ₹200 crore in Q2 FY26, up 75% from FY25.