Snapdeal parent AceVector gets SEBI approval for IPO
E-commerce platform Snapdeal's parent AceVector has received SEBI's approval to launch an initial public offering. The Gurugram-based company, which also runs SaaS platform Unicommerce and consumer brand-building firm Stellaro Brands, filed its draft red herring prospectus via the confidential route in July. According to reports, AceVector could raise around ₹500 crore through the IPO.