Snapdeal Parent AceVector’s FY26: Loss Declines 64% YoY To ₹46 Cr

Snapdeal parent AceVector Limited’s restated net loss declined nearly 64% to ₹45.5 Cr in the fiscal year 2025-26 (FY26) from ₹126.3 Cr in the year ago period. 

The company managed to reign in its losses on the back of operating revenue jumping 29.2% to ₹510.3 Cr in the fiscal under review as against ₹3,95 Cr in FY25. 

Including other income of ₹27.3 Cr, AceVector’s total income stood at ₹537.7 Cr during the fiscal under review. 

According to the company’s red herring prospectus (RHP), adjusted EBITDA loss narrowed 59.3% to ₹15.9 Cr in the fiscal year ended March 2026 compared to ₹39.2 Cr in FY25. 

Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal once competed head-to-head with Flipkart and Amazon before losing significant market share. After the failed Flipkart merger in 2017, the company pivoted to a value-focused ecommerce model, stabilising operations in the following years.

Apart from Snapdeal, AceVector is also the parent entity of listed ecommerce enablement platform Unicommerce and house of brands platform Stellaro Brands. The three entities were consolidated and brought under one roof in 2022. 

While the marketplace segment (Snapdeal) contributed ₹293.7 Cr, or 57.5%, to AceVector’s top line in FY26, the SaaS business contributed 40% (₹204.3 Cr) to its revenue tally. Consumer brands vertical, which includes Stellaro, accounted for the remaining 2.51%, or ₹12.8 Cr.

In the RHP, AceVector also noted that its marketplace business clocked a net merchandise value (NMV) of ₹1,093.1 Cr in FY26, while delivering 2.6 Cr units during the fiscal under review. Its annual transacting users stood at 1.2 Cr in the fiscal year ended March 2026. The marketplace segment reported an adjusted EBITDA loss of ₹50.2 Cr as against ₹48 Cr in FY25.

AceVector’s SaaS businesses reported an adjusted EBITDA profit of ₹41.3 Cr in FY26, improving from ₹25.3 Cr in the year ago fiscal. The SaaS vertical catered to 8,261 clients in the fiscal under review, up 17.9% from 7,008a year ago.

Meanwhile, Stellaro Brands operated 17 exclusive brand outlets (EBOs) at the end of March 2026.

The disclosures came to light as the company filed its RHP with SEBI for an IPO, which will comprise a fresh issue of shares worth ₹287 Cr and an offer-for-sale (OFS) component of 4.16 Cr. Its IPO will now open for subscription on September 25 and close on September 29.

This comes more than a year after AceVector first filed its DRHP with SEBI via the confidential pre-filing route in July last year. It received the markets regulator’s nod to float its public issue in November last year. 

Notably, this is the company’s second attempt at going public. AceVector 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. 

Breaking Down The Expenses

AceVector’s total expenses rose 26.8% to ₹575.2 Cr in FY26 from ₹453.8 Cr in the year ago period.

Logistics Expenses: This was the biggest cost centre for the company and amounted to ₹240.4 Cr in the fiscal under review, up 56.8% from last year’s ₹61.3 Cr.

Employee Benefits Expenses: AceVector spent ₹168.9 Cr towards employee benefit expenses in the fiscal under review. This was 13.2% higher than ₹149.1 Cr spent by the company under this header in FY25. 

Marketing Expenses: AceVector’s marketing expenses rose 26.2% to ₹91.3 Cr in FY26 as against ₹72.4 Cr in the year ago fiscal. 

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