Snapdeal parent AceVector files updated prospectus; to raise up to Rs 300 crore via IPO

AceVector said it will use the proceeds from the fresh issue for marketing and business promotion, strengthening the technology infrastructure of the Snapdeal marketplace, inorganic growth via acquisitions, and for general corporate purposes. The company plans to raise up to Rs 300 crore through a fresh issue, along with an offer for sale (OFS) of up to 6.38 crore equity shares.