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Snapdeal parent AceVector files updated prospectus; to raise up to Rs 300 crore via IPOAceVector said it will use the proceeds from the fresh issue for marketing and business promotion, strengthening the technology infrastruct...- Snapdeal parent AceVector gets Sebi nod for IPOAceVector had filed its draft red herring prospectus under Sebi's confidential route in July. Besides Snapdeal, the company also owns ecomm...
- Unicommerce to raise Rs 20 crore from promoter Acevector via preferential share issueThe issue will be done at Rs 139 per share. The funds could be used to help the ecommerce software firm pursue strategic acquisitions in In...
- Snapdeal parent AceVector confidentially files DRHP for D-Street debutAceVector Group, parent of Snapdeal and Unicommerce, has confidentially filed for an IPO with Sebi, joining a wave of new-age companies see...
- Unicommerce Esolutions logs Q2 net profit of Rs 4.4 crore, up 21% YoYThe ecommerce software firm, which listed on the bourses in August at a hefty premium, reported operating revenue of Rs 29 crore, up from R...
- Unicommerce shares make multibagger market debut at Rs 235, up 117% over IPO priceUnicommerce’s Rs 277-crore initial public offering (IPO) was subscribed nearly 170 times the shares on offer – making it among the most sub...
- Unicommerce raises Rs 124 crore from anchor investors ahead of IPOUnicommerce Esolutions Ltd has set a price band of Rs 102-108 for its upcoming initial public offering that will launch on August 6. The Gu...
- Unicommerce files RHP for IPO; SoftBank, AceVector to offload 25.6 million sharesUnicommerce Esolutions from Gurgaon has filed for an IPO with an offer for sale of 25.6 million shares. SoftBank and AceVector Group are se...
- SoftBank-backed FirstCry, Unicommerce get IPO NodSoftBank, Bahl, and Bansal, with an indemnity pact, face losses as FirstCry's online sales dominate, impacting revenue negatively.
- SoftBank gets promoter tag in Unicommerce’s IPO filingUnicommerce Esolutions has tagged SoftBank, Snapdeal cofounders Kunal Bahl and Rohit Bansal as promoters in an addendum to its draft IPO pr...
- Unicommerce files draft IPO papers; SoftBank, AceVector, B2 Capital to sell 29.8 million sharesUnicommerce shareholders AceVector Group, B2 Capital and SoftBank are together offering 29.8 million shares for sale in the IPO, as per the...
- Unicommerce adds former SoftBank India head Manoj Kohli, others to boardThe Snapdeal-owned company, which is targeting an initial public offering (IPO) next year, has also appointed Kunal Bahl and Rohit Bansal a...
- Ecommerce enabling outfit Unicommerce reports 52.5% jump in operating profit to Rs 90 crore in FY23Net profit rose 8% to Rs 6.45 crore from Rs 5.98 crore in FY22, according to its financial statements, filed with the Registrar of Companie...
- Myntra’s vector registers 90% fall in FY18 revenueThe company made a loss of Rs 52 lakh compared with a profit of Rs 9 crore a year before.
- Flipkart and its fashion unit Myntra: Two star sellers fail to make revenue cutMyntra’s sales shifted from Vector E-Commerce to Tech Connect during the last financial year, which is now the largest seller entity on the...
- Top Myntra seller’s revenue soars from Rs 1.3 crore to Rs 2.5k crore in one yearThe Flipkart-owned Myntra used to register the bulk of its sales from Vector Ecommerce, but it started reducing its dependence on the selle...
- Myntra’s largest seller clocks loss of Rs 8.7 crore, but sales up 40%Since there is a ban on FDI in direct online retail, Myntra sources products from brands and sells them to Vector, which in turn sells them...
- In 3 months, Myntra to open a store with private brandsWe plan to launch omni-channel with our private brands — Roadster, HRX and All About You, CEO Ananth Narayanan told.
- Amazon in lone battle to delay government's ecommerce norm rolloutThe ecommerce industry’s response to new government rules is boiling down to a tug of war between Amazon versus the rest.
- Big brands, retailers see end to predatory online pricing with marketplace guidelinesConsumer electronics cos were up against online discounting, since almost 70%-75% of online sales in India were generated from mobiles, TV,...
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