Snapdeal’s parent organization -- AceVector has confidentially filed draft papers with Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). In this regard, AceVector has submitted the pre-filed draft red herring prospectus with Sebi and the stock exchanges.
Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands.
Snapdeal (formerly Jasper Infotech) is India’s Ultimate Online Shopping Site Snapdeal’s vision is to create India’s most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers.
