Ace Vector close to file DRHP for a ₹500 crore IPO

E-commerce company AceVector Limited is close to filing its draft red herring prospectus (DRHP) to raise ₹500 crore through an initial public offering (IPO), as per the sources. Moreover, the company is based in Gurugram and is an E-commerce marketplace, Snapdeal.

As per the sources, the lead managers of this IPO are CLSA and IIFL. Not only this, but also the company has substantial shareholders TheKredible, Softbank, Kunal Bahl, Rohit Bansal, and Nexus Venture Partners.

AceVector’s listed arm, Unicommerce eSolutions, provides tech solutions across order and inventory management, omnichannel retail, courier automation, and AI-led marketing.

Moreover, its 2024 IPO was oversubscribed by 168 times. After going public, the company acquired shipping aggregator Shipway through a mix of stock and cash to expand its services.

Food-tech ecosystem Eternal (Zomato, Blinkit, Hyperpure, District), classifieds-tech ecosystem Infoedge (Naukri, Jeevansathi, 99 Acres, Shiksha) are other examples of Indian new-age tech ecosystems that have grown and been listed in India.

Vijay Prajapati

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