AceVector, the parent company of e-commerce platform Snapdeal, has reported its first quarterly results since its listing earlier this month. The company’s revenue rose 17% year-on-year to cross Rs 150 crore in Q2 FY27, while its losses stood at Rs 17.6 crore.
According to its unaudited quarterly results, AceVector’s operating revenue stood at Rs 151.2 crore in Q2 FY27, compared with Rs 129.3 crore in the corresponding quarter last year.
Snapdeal’s marketplace business accounted for the largest share of AceVector’s operating revenue at 57%, with revenue of Rs 86.2 crore, up 15% year-on-year. Its e-commerce enablement SaaS platform, Unicommerce, contributed Rs 59 crore, while consumer brands added Rs 6 crore to operating revenue.
Including Rs 2.6 crore in non-operating income, AceVector’s total income stood at Rs 153.8 crore in Q2 FY27.
For the first half of FY27, AceVector’s consolidated revenue grew 17% year-on-year to Rs 285.5 crore, supported by growth across Snapdeal and Unicommerce. Snapdeal’s revenue rose 15% to Rs 164.4 crore, while Unicommerce recorded a 15% increase to Rs 110.4 crore.
Snapdeal’s fashion net merchandise value (NMV) rose 31% year-on-year to Rs 407.6 crore in H1 FY27. Its annual transacting customer base grew 12% to 130.8 lakh, while app-delivered units increased 23% to 133.6 lakh. During the period, the company also launched an AI solutions suite for customers, sellers and creators, with features for product discovery, personalised recommendations and seller support.
4 crore, up 20% year-on-year. The expense accounted for over 42% of its total expenditure. Employee benefit expenses stood at Rs 46 crore during the quarter.
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