India, Dec. 6 -- Snapdeal parent AceVector Group's consolidated net loss in the first half of FY26 (H1 FY26) declined 80% to INR 22.5 Cr from INR 110.4 Cr in the same period last year.

Its operating revenue for the period under review jumped 35% to INR 244.4 Cr from INR 181.1 Cr a year ago. Including other income of INR 7.5 Cr, AceVector's total income for the period stood at INR 251.9 Cr.

In FY25, its revenue was INR 395 Cr at a net loss of INR 125.9 Cr.

The company filed its updated draft red herring prospectus (UDRHP) for an IPO with the Securities and Exchange Board of India (SEBI) earlier today.

As per the updated filing, the public issue will include a fresh issue of equity shares worth up to INR 300 Cr and an offer for sale (OF...