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Revisiting AceVector's Sept 23 listing: 4.93X-subscribed ₹420 Cr IPO, but Meesho is ~38X larger on marketplace NMV

Snapdeal's FY26 NMV rose 25.7% to ₹1,093.1 Cr, yet scale remains its central challenge, even in the value segment. Its parent AceVector makes its stock market debut on Monday.

Meesho's FY26 marketplace NMV is far above Snapdeal's
  • Meesho FY26 marketplace NMV₹41,560 crore
  • Snapdeal FY26 NMV₹1,093.1 crore
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Reported figures

From the report. Source details below

Snapdeal FY26 marketplace revenue: ₹293.7 Cr
Unicommerce FY26 SaaS revenue: ₹204.3 Cr
Meesho FY26 marketplace NMV: ₹41,560 Cr
Snapdeal FY26 annual transacting users: 12.16 Mn

The source

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