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EEST TV e-Paper, Tuesday, 6 October 2026, page 8: Tech & Startups (II)

Page 8 of 10 Tech & Startups (II)

eesttv.inTech & Startups (II)Tuesday, 6 October 202608

Startup

Snapdeal Parent AceVector Lists 11.6% Below Issue Price, Closes Down Over 18%

EEST TV News Desk

BENGALURU: AceVector, the parent of e-commerce marketplace Snapdeal and software company Unicommerce, made a weak stock market debut on October 5. Its shares listed at ₹28.30 on the BSE, 11.6 per cent below the issue price of ₹32, and at ₹28.32 on the NSE, 11.5 per cent lower, Inc42 reported. They closed the day more than 18 per cent below the issue price.

The ₹420 crore IPO, made up of a fresh issue of ₹287 crore and an offer for sale of ₹133 crore by existing shareholders, was open from September 25 to 29 at a price band of ₹30 to ₹32 a share, with a lot of 468 shares. It was subscribed 4.93 times, Inc42 reported. The company said it would use the money for marketing, technology infrastructure, acquisitions and general corporate purposes.

Demand built slowly. The issue was 23 per cent subscribed on the first day, Inc42 reported,…

The National Stock Exchange building in Mumbai

Simple Energy's $180 Million Round Lifts Startup Funding to $233.6 Million This Week

EEST TV News Desk

BENGALURU: Indian startups raised $233.6 million across 16 deals in the week from September 28 to October 2, up 14.9 per cent from $203 million the week before, Inc42 reported on October 3. The number of deals fell 23.8 per cent, and one round accounted for most of the money.

Bengaluru-based electric two-wheeler maker Simple Energy closed a Series C round of ₹1,750 crore, about $180 million, all of it equity, Autocar Professional reported on September 30. The company called it its largest round to date and the third-largest raised…

A purple Ola S1 Pro electric scooter parked inside a showroom
eesttv.in · e-Paper · 6 October 2026Page 8 of 10

On this page

  1. StartupSnapdeal Parent AceVector Lists 11.6% Below Issue Price, Closes Down Over 18%
  2. StartupSimple Energy's $180 Million Round Lifts Startup Funding to $233.6 Million This Week

All pages

Razorpay Teams Up With OpenAI to Bring Indian Brands Into ChatGPT Ads1. Front pageVB-G RAM G: 375 Kinds of Rural Work Now Allowed Under the New Jobs Scheme, 41% More Than Before2. NationJet Fuel Rises to ₹137 a Litre, Third Hike in a Row; Government in Talks With Airlines3. PoliticsYemen Government Launches "Operation Dawn of Yemen" Against Houthis, Backed by Saudi Air Power4. WorldMamaearth Maker Honasa Sees Sales Growth in the Low Thirties as Offline Push Pays Off5. BusinessSEBI Reviews Expiry-Day Settlement Under the Closing Auction, Plans Deeper Cash Markets6. Business (II)Physics Nobel for Francis Halzen, Who Turned a Cubic Kilometre of Antarctic Ice Into a Neutrino Telescope7. Tech & StartupsSnapdeal Parent AceVector Lists 11.6% Below Issue Price, Closes Down Over 18%8. Tech & Startups (II)Harmanpreet Kaur Steps Down as India Women's Captain After Asian Games Gold9. SportsLakmē Fashion Week Returns to Delhi on October 13 With a New Make-up Line and Manish Malhotra's Comeback10. Lifestyle

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