Acevector was incorporated as ‘Jasper Infotech Private Limited’ on September 12, 2007. Pursuant to a special resolution passed by the shareholders on February 25, 2019, the name of the company was changed to ‘Snapdeal Private Limited’ on March 20, 2019. The company was converted into a public limited company pursuant to a special resolution passed by the shareholders at the EGM held on December 5, 2021, and the name of the company was changed to ‘Snapdeal Limited’. Pursuant to a special resolution passed by the shareholders on December 30, 2022, the name of the company was changed to ‘AceVector Limited’ on January 6, 2023.

The company operates an asset-light digital commerce ecosystem consisting of data, technology and AI-driven businesses - value e-commerce marketplace, e-commerce enablement software as a service (SaaS) and consumer brands. Its ecosystem includes Snapdeal, a value focused lifestyle e-commerce marketplace platform with a wide selection of affordable, merchandise across lifestyle categories with an emphasis on quality; Uniware, Convertway and Shipway under the Unicommerce brand, operated by its subsidiary Unicommerce eSolutions, a comprehensive suite of e-commerce enablement SaaS products, which enables end-to-end management of e-commerce operations; and Stellaro Brands business, an omnichannel value focused consumer brands retailing business, operated by its subsidiary, Stellaro Brands. Together, these businesses cover the entire e-commerce value chain across B2C and B2B segments catering to multiple stakeholders vertically viz., through both online and offline modes and horizontally viz., consumers, sellers, brands and logistics providers.

Business area of the company 

The company is mainly engaged in the business of establishing, developing, designing and conceptualizing direct marketing and sales promotion solutions through web and non-web based platforms. It is also involved in providing various kinds of warehousing solutions and business of trading via e-commerce mode and providing e-commerce platform for consumer goods.

Business verticals of the company

• Snapdeal - Snapdeal is a pure-play value marketplace offering a wide selection of affordable, and quality curated merchandise across lifestyle categories such as fashion, home and general merchandise, and beauty and personal care, through a network of sellers offering products at value price points to the users.
• Unicommerce - Unicommerce is an e-commerce enablement provider offering a comprehensive suite of SaaS products designed to automate critical business functions for its clients, D2C brands, traditionally offline brands, e-commerce sellers, brand aggregator firms, third-party logistics (3PL) service provider firms, fulfilment players, SMBs and other e-commerce intermediaries.
• Stellaro Brand - Stellaro Brands is the company’s consumer brands business focused on incubating and scaling consumer brands across both online and offline channels.

Awards, accreditations and recognition 

• 2019: Awarded Best Employee Engagement in B2B/B2C Sector in the third Edition of the Employee Engagement Leadership Awards.
• 2019: Awarded E-Commerce Legal Team of the Year in Indian Legal Awards by Legal Era.
• 2022: ET Edge DataCon Editor Choice Award.
• 2022: e4M India Marketing Award for South Campaign Pivotroots (Branded Content - E-Commerce).
• 2022: e4M India Marketing Awards 2022 Snapdeal South Campaign Pivotroots (Talent / Influencer Marketing - E-Commerce.
• 2022: Brand Equity.com Influencer Marketing Awards for Use of Facebook Influencer Campaign.
• 2022: The Economic Times award for One of the Best Organisations for Women.
• 2024: ET Edge DataCon Awards Editor Choice.
• 2025: AWS AI Conclave Award for Strong Data Foundation Driving Generative AI at scale.

History and milestones

• 2007: Started business as a coupon booklet business.
• 2010: Transformed into an online deals platform.
• 2012: Transformed into an online eCommerce marketplace for products.
• 2012: Launched Snapdeal: Online Shopping Application.
• 2015: Acquired stake in Unicommerce.
• 2015: Investment by Alibaba.com Singapore E-Commerce Private Limited.
• 2017: Devised Snapdeal 2.0 and transformed into value E-commerce platform.
• 2023: Over 300 million downloads of Snapdeal: Online Shopping App.
• 2024: Listing of equity shares of Unicommerce on BSE and NSE.
• 2024: Acquired stake in Shipway by Unicommerce.