AceVector (SoftBank-backed) updates IPO, aims for ₹300 crore fresh issue

• SoftBank-backed AceVector filed updated IPO papers, aiming to raise ₹300 crore via a fresh issue.
• The IPO includes an Offer for Sale (OFS) of 6.38 crore shares by existing shareholders, including promoter entity Starfish.
• Promoters Kunal Bahl and Rohit Bansal, holding a 34.63% stake, will not participate in the OFS.
• IPO proceeds will be used for technology infrastructure, Snapdeal marketing, acquisitions, and general corporate requirements.
• AceVector operates Snapdeal, Unicommerce (SaaS), and Stellaro Brands, reporting ₹244 crore operating revenue in H1 FY26.

Why It Matters: AceVector's IPO offers new investment opportunities in digital commerce.