Snapdeal
Snapdeal is growing: its Swagotsav sale lifted fashion units sold 59% year-on-year (Storyboard18, 12 Oct), after FY26 NMV rose 25.7% to ₹1,093.1 Cr (Inc42, 5 Oct). Against that, the parent AceVector posted a ₹45.5 Cr FY26 net loss (Inc42, 1 Oct), and Snapdeal faces a Supreme Court case on prescription drug sales (Inc42, 18 Jul).
What it means Marketplace rivals face a non-metro value shopper base where Snapdeal already draws 82% of orders.
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Background
From 7 stories, the newest dated 12 Oct 2026. Summary written 13 Oct 2026.
Snapdeal is an online marketplace in the value segment, and its parent company is AceVector, which was formerly named Snapdeal.[1] source: Inc42[2] source: NDTV Profit
Show 3 more paragraphs and 7 sources
Its marketplace has active fashion sellers, and shoppers outside metros placed 82% of orders during its Swagotsav Sale.[3] source: Storyboard18
Inc42 reported that Snapdeal's FY26 NMV rose 25.7% to ₹1,093.1 Cr, with FY26 marketplace revenue of ₹293.7 Cr.[1] source: Inc42 AceVector reported an FY26 net loss of ₹45.5 Cr and a valuation of up to ₹1,741 Cr.[4] source: Inc42 AceVector's ₹420 Cr IPO closed on 29 September with 4.93X subscription at an issue price of ₹32 per share.[5] source: Inc42 The ₹287 Cr fresh issue is largely earmarked for Snapdeal, including ₹132 Cr for marketing.[5] source: Inc42 SoftBank-backed Starfish I sold 2.76 Cr shares for about ₹88.3 Cr in the offer-for-sale.[5] source: Inc42 AceVector was set to list 544,186,770 equity shares on BSE on October 5, 2026.[6] source: BSE Corporate Announcements Snapdeal's Swagotsav Sale began on October 4 and recorded a 59% year-on-year rise in fashion units sold and a 63% rise in fashion buyers, while active fashion sellers grew 94%.[3] source: Storyboard18
Inc42 said Meesho is ~38X larger than Snapdeal on marketplace NMV and that scale remains Snapdeal's central challenge.[1] source: Inc42 Moneycontrol reported that Snapdeal, Meesho and Groww were moving ahead with IPOs.[7] source: Moneycontrol
Sources
- R.K. Fashion Accessories opens Rs 34.99 cr NSE SME IPO on Oct 5 as AceVector, formerly Snapdeal, lists
- Snapdeal's Swagotsav sale lifts fashion units sold 59% as non-metro shoppers place 82% of orders
- AceVector IPO closes 4.93X subscribed; SoftBank's Starfish I pockets ₹88 Cr via OFS as Snapdeal gets bulk of fresh issue
Questions about Snapdeal
Who owns Snapdeal?
Snapdeal is owned by its parent company AceVector, which was formerly named Snapdeal. AceVector's ₹420 Cr IPO was scheduled to list on October 5, 2026.[2] source: NDTV Profit[6] source: BSE Corporate Announcements[4] source: Inc42
How fast is Snapdeal growing in India?
Snapdeal's FY26 NMV rose 25.7% to ₹1,093.1 Cr, according to Inc42, and its FY26 marketplace revenue was ₹293.7 Cr.[1] source: Inc42
What is Snapdeal's current strategy in India?
In October 2026 Snapdeal's parent AceVector earmarked ₹132 Cr of its IPO fresh issue for Snapdeal's marketing.[5] source: Inc42 Snapdeal began its Swagotsav Sale on October 4, with fashion units sold up 59% year on year.[3] source: Storyboard18
Who are Snapdeal's main competitors?
Inc42 compared Snapdeal with Meesho in October 2026, saying Meesho is ~38X larger than Snapdeal on marketplace NMV.[1] source: Inc42
Stories that mention Snapdeal
5 stories
Snapdeal is named in these stories but is not their subject.
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- AceVector FY26 loss narrows 64% as revenue rises 29%; ₹287 Cr IPO fresh issue planned
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