Summary
- Cyril Amarchand Mangaldas has advised Acevector, formerly known as Snapdeal, on its Pre-IPO funding round through a private placement of securities.
- The company plans to raise up to INR 600 million, not exceeding 20% of the Fresh Issue size, with pricing determined in consultation with BRLMs.
- Acevector’s IPO process began with a SEBI filing in July 2025 and includes a fresh issue of INR 300 crore alongside an OFS of approximately 6.38–6.39 crore shares.
- Proceeds will fund marketing, technology infrastructure, acquisitions, and general corporate purposes, indicating significant growth ambitions for the digital commerce ecosystem.
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