Snapdeal Parent AceVector Trims H1 FY26 Loss By 80% To INR 22.5 Cr

Snapdeal parent AceVector Group’s consolidated net loss in the first half of FY26 (H1 FY26) declined 80% to INR 22.5 Cr from INR 110.3 Cr in the same period last year.

Its operating revenue for the period under review jumped 35% to INR 244.4 Cr from INR 181.1 Cr a year ago. Including other income of INR 7.5 Cr, AceVector’s total income for the period stood at INR 251.9 Cr.

In FY15, its net loss surged over 145% YoY to INR 125.9 Cr. Meanwhile, AceVector’s operating revenue increased a marginal 4% to INR 395 Cr from INR 379.8 Cr in the previous fiscal.

The company filed its updated draft red herring prospectus (UDRHP) for an IPO with the Securities and Exchange Board of India (SEBI) earlier today. 

As per the updated filing, the public issue will include a fresh issue of equity shares worth up to INR 300 Cr and an offer for sale (OFS) of up to 6.39 Cr shares by existing investors.

The company had filed its DRHP in July via the confidential route and received SEBI’s approval to proceed last month.

AceVector operates ecommerce brand Snapdeal, listed ecommerce SaaS company Unicommerce, and roll-up subsidiary Stellaro Brands.

It is making a second attempt at going public. The company had first filed for an IPO in 2021, aiming to raise INR 1,250 Cr, but shelved the plan a year later amid broader market volatility.

Although AceVector stepped back, its subsidiary Unicommerce went ahead and listed in 2024. During Unicommerce’s INR 277 Cr IPO, AceVector sold 94.4 Lakh shares for INR 102 Cr. 

With a weighted average acquisition cost of INR 23.52 per share and an offer price of INR 108, the company realised a 4.59X return on its investment.

Breaking Down The Expenses

The company’s total expenses for the period came in at INR 271.1 Cr, 23% higher than the INR 220.5 Cr it spent in H1 FY25.

Employee Benefits Expenses: Its employee benefit expenses for the period stood at INR 81.3 Cr, marginally higher than last year’s INR 81 Cr. 

Marketing Expenses: AceVector’s marketing expenses for the year stood at INR 41.9 Cr, 15% higher than INR 36.4 Cr in H1 FY25. 

Logistics Expenses: These expenses amounted to INR 112.5 Cr, about double from last year’s INR 61.3 Cr.