Snapdeal Parent AceVector's FY26 Loss Declines 64%

AceVector Limited, the parent entity of Indian e-commerce platform Snapdeal, has reported a substantial reduction in its net loss for the fiscal year 2026, which ended on March 31, 2026. The company's restated net loss fell by 64% to INR 45.5 crore (approximately $5.5 million USD) from INR 126.3 crore in the previous fiscal year.

This improved financial performance was driven by a 29.2% increase in operating revenue, reaching INR 510.3 crore for FY26, compared to INR 395 crore in FY25. Including other income, AceVector's total income stood at INR 537.7 crore.

The company, which also operates the e-commerce enablement platform Unicommerce and the house of brands platform Stellaro Brands, is preparing for an Initial Public Offering (IPO). AceVector plans to raise INR 287 crore through a fresh issue of shares, alongside an offer for sale. The IPO subscription is scheduled to open in late September.

AceVector's business segments contributed differently to its revenue in FY26. The Snapdeal marketplace accounted for 57.5% of the total revenue, while the SaaS business contributed 40% and the Stellaro Brands vertical made up the remaining 2.5%. The marketplace reported a Net Merchandise Value (NMV) of INR 1,093.1 crore, with 12 million annual transacting users. The SaaS business posted an adjusted EBITDA profit of INR 41.3 crore, showing significant growth.

Total expenses for AceVector rose by 26.8% to INR 575.2 crore in FY26. Major cost components included logistics expenses at INR 240.4 crore, employee benefit expenses at INR 168.9 crore, and marketing expenses totaling INR 91.3 crore.