What is AceVector Limited?

AceVector Limited (formerly Jasper Infotech Private Limited) is the parent company of Snapdeal, one of India's prominent e-commerce marketplaces. It was incorporated in 2010 and is headquartered in Gurugram, Haryana.

Who are the founders and promoters of AceVector / Snapdeal?

Snapdeal was co-founded by Kunal Bahl (CEO) and Rohit Bansal (COO) in 2010. Major investors include SoftBank, Alibaba Group, Nexus Venture Partners, and Kalaari Capital.

Is Snapdeal / AceVector planning an IPO?

Snapdeal filed a Draft Red Herring Prospectus (DRHP) with SEBI in 2022 for an IPO but subsequently withdrew the filing in 2022 citing adverse market conditions. As of 2024-25, no fresh IPO timeline has been officially announced.

What is the lot size for AceVector unlisted shares?

The minimum lot size for AceVector Limited unlisted shares is 1 share, making it accessible to retail investors in the unlisted market.

What is the current unlisted share price of AceVector?

The indicative unlisted market price is approximately ₹199 per share. Prices in the unlisted market can be illiquid and vary between dealers.

Why did AceVector rename from Jasper Infotech?

The company was renamed from Jasper Infotech Private Limited to AceVector Limited as part of its corporate restructuring and repositioning following the major reorganization in 2017-2018, also reflecting its conversion to a public limited company.

How do I buy AceVector (Snapdeal) unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for AceVector (Snapdeal)?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell AceVector (Snapdeal) shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

AceVector (Snapdeal) Unlisted Share Price | Buy AceVector (Snapdeal) Pre-IPO Shares — wisefolio

Investment Thesis

AceVector Limited (Snapdeal) is a survivor of India's intense e-commerce consolidation wave, having pivoted to serve the value-commerce segment in Bharat. While its restructuring has improved cost efficiency, it remains far behind market leaders. Investors are essentially betting on either a successful IPO re-attempt or a strategic buyout, making this a speculative, high-risk unlisted investment.

Pros

Operates Snapdeal, one of India's established e-commerce marketplaces with millions of registered buyers and sellers
Significantly leaner cost structure after major restructuring in 2017-2018 — dramatically reduced cash burn
Strong focus on value-conscious Bharat (Tier 2/3 city) shoppers, an underserved and growing segment
Experienced founding team — Kunal Bahl and Rohit Bansal are seasoned e-commerce operators
Backed by marquee investors including SoftBank, Alibaba, and Nexus Venture Partners

Cons

Faces intense competition from Flipkart (Walmart) and Amazon India, which have significantly larger market share and deeper pockets
Revenue has declined substantially since peak years (2015-2016), and the company has struggled to regain lost ground
No dividend history; company has been loss-making for several years
Multiple failed merger/acquisition attempts (Flipkart deal fell through in 2017) raised concerns about strategic direction
High dependence on discounting to drive Gross Merchandise Value, compressing margins

Business Segments

Marketplace (Snapdeal Platform)

Online marketplace connecting buyers and third-party sellers across fashion, electronics, home & lifestyle, and general merchandise categories. Revenue generated through commissions, seller fees, and advertising.

Snapdeal Plus / Seller Services

Value-added services for marketplace sellers including logistics support, cataloguing, and promotional tools.

Revenue Model

AceVector generates revenue primarily through its Snapdeal marketplace via seller commissions (take rate on each transaction), listing and advertising fees from sellers, and logistics facilitation fees. The company targets value-conscious shoppers in Tier 2 and Tier 3 cities, focusing on unbranded and value-priced merchandise.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

Potential IPO re-filing once market conditions improve

Growing internet penetration in Tier 2/3 cities driving value-commerce demand

Possible strategic partnerships or acqui-hire interest from larger players

Improving unit economics as logistics costs decline

Industry Tailwinds

Recent Developments

IPO Filing Withdrawn

AceVector withdrew its IPO application filed with SEBI citing challenging market conditions. The company had planned to raise approximately ₹1,250 crore through the IPO.

2022-12

Focus on Profitability and Cost Rationalization

Snapdeal continued efforts to achieve EBITDA breakeven by focusing on high-margin categories and reducing customer acquisition costs.

2023-06

Expansion of Seller Base in Tier 3 Cities

Snapdeal expanded its seller onboarding initiatives targeting artisans and small manufacturers in non-metro markets, reinforcing the value-commerce positioning.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

FSN E-Commerce Ventures (Nykaa)PE: N/MxListedNYKAA~₹45,000 Cr

Aditya Birla Fashion and RetailPE: N/MxListedABFRL~₹12,000 Cr

Info Edge (India) – parent of Jeevansathi, 99acresPE: 60xxListedNAUKRI~₹70,000 Cr

FSN E-Commerce Ventures (Nykaa)Listed

Frequently Asked Questions

About AceVector (Snapdeal)

AceVector Limited is the holding company of Snapdeal, one of India's earliest and best-known e-commerce marketplaces. Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal was once India's third-largest e-commerce player behind Flipkart and Amazon, having raised over $1.7 billion in funding from investors including SoftBank, Alibaba, eBay, and others. After a dramatic decline in 2016-2017 — including the collapse of a proposed merger with Flipkart and a massive workforce reduction — Snapdeal underwent a strategic pivot. The company repositioned itself as a value-focused marketplace targeting India's price-conscious consumers in Tier 2, Tier 3 cities, and rural markets. This "Snapdeal 2.0" strategy deliberately moved away from competing head-to-head with Flipkart and Amazon in premium categories. The company was restructured under the AceVector umbrella, with the founders retaining control. AceVector now operates Snapdeal as a focused value-commerce platform, along with other ventures. The company has been on a multi-year IPO track, having filed its DRHP with SEBI in late 2021 but later withdrawing the IPO plans amid unfavourable market conditions. Snapdeal continues to serve value-seeking Indian consumers, particularly from non-metro markets, with a catalogue spanning fashion, home, electronics accessories, and general merchandise from Indian sellers.

Key Milestones

2007: Kunal Bahl and Rohit Bansal founded Jasper Infotech as a coupon/deals business

Common questions about unlisted shares

How do I buy AceVector (Snapdeal) unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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