Cyril Amarchand Mangaldas has advised Acevector, formerly known as Snapdeal, in relation to its Pre-IPO funding round through the issuance of securities to multiple subscribers on a private placement basis, for a cash consideration.
“Our Company, in consultation with the BRLMs, may consider a Pre-IPO Placement of up to INR 600.00 million which shall not exceed 20 percent of the size of the Fresh Issue. The Pre-IPO Placement, if undertaken, will be at a price to be decided by our Company, in consultation with the BRLMs,” Acevector noted in its updated DRHP filed before SEBI in December last year.
AceVector’s IPO started with a confidential SEBI filing in July 2025, received SEBI observations in November 2025, and later filed updated papers for a main-board IPO featuring a fresh issue of INR 300 crore plus an OFS of about 6.38–6.39 crore shares.
AceVector plans to use the net proceeds towards funding a portion of marketing and business expense, technology infrastructure costs and inorganic growth through acquisition and general corporate purposes.
Acevector is engaged in operating an asset-light digital commerce ecosystem, encompassing data, technology, and AI-driven businesses, a value-focused e-commerce marketplace, e-commerce enablement software-as-a-service solutions, and consumer brands.
The transaction team was led by partner Mohit Gogia, with assistance from principal associate Anisha Dash and associate Swathi Kathi.
