AceVector FY26 loss narrows 64% as revenue rises 29%; ₹287 Cr IPO fresh issue planned
Snapdeal parent AceVector reported a restated FY26 net loss of ₹45.5 Cr, versus ₹126.3 Cr a year earlier, on operating revenue of ₹510.3 Cr. Its RHP proposes a ₹287 Cr fresh-share issue; Snapdeal marketplace NMV reached ₹1,093.1 Cr.
What happened
Snapdeal parent AceVector narrowed FY26 net loss 64% to ₹45.5 Cr as revenue rose 29% to ₹510.3 Cr. Its RHP outlines a ₹287 Cr fresh-share IPO, while Snapdeal’s
Key facts
- Restated net loss: ₹45.5 Cr, down 64% YoY from ₹126.3 Cr
- Operating revenue: ₹510.3 Cr, up 29.2% YoY from ₹395 Cr
- Adjusted EBITDA loss: ₹15.9 Cr, down 59.3% from ₹39.2 Cr
- Marketplace NMV: ₹1,093.1 Cr
- IPO fresh issue: ₹287 Cr
What changed
Snapdeal parent AceVector narrowed FY26 net loss 64% to ₹45.5 Cr as revenue rose 29% to ₹510.3 Cr. Its RHP outlines a ₹287 Cr fresh-share IPO, while Snapdeal’s marketplace recorded ₹1,093.1 Cr NMV and 1.2 Cr annual transacting users.
Why this matters
AceVector’s 29% revenue growth and 64% narrower loss signal improving marketplace operating leverage, though Snapdeal must sustain NMV momentum ahead of the IPO.
What to watch
- RHP updates on FY26/FY27 revenue, EBITDA, operating cash flow and working-capital requirements.
- IPO subscription levels, anchor investor participation, issue pricing and any valuation discount versus peers.
- NMV growth relative to operating-revenue growth, indicating whether monetization/take rate is improving.
- Marketing spend, customer-acquisition cost, repeat-order behavior and fulfillment costs after capital deployment.
- Seller count, assortment depth, advertising/services revenue and cancellation/return rates.