Fashion commerce startup Culture Circle bags undisclosed amount from Oyo's Ritesh Agarwal at Rs 100 crore valuation
The Gurugram-based startup, which operates as a luxury marketplace, enabling users to compare prices across verified sellers of authenticated sneakers, t-shirts, streetwear, and watches, will use the fresh funds for enhancing its AI engine, expanding into new product categories, and entering global markets.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
a day ago
- News18
Snapdeals parent AceVector files confidential draft IPO papers with Sebi
New Delhi, Jul 19 (PTI) AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that it has submitted 'the pre-filed draft red herring prospectus with Sebi and the stock exchanges …in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands. Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwhelming response, with the issue having been oversubscribed 168.32 times. AceVector, which is founded by Kunal Bahl and Rohit Bansal, opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, several companies, including INOX Clean Energy, logistics service provider Shadowfax Technologies, stock broking firm Groww, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI SP HVA (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 19, 2025, 11:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Time of India
Snapdeal's parent AceVector files confidential draft IPO papers with Sebi
AceVector , parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). In a public announcement on Saturday, AceVector stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges ...in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce , and consumer brand building firm Stellar Brands. Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwhelming response, with the issue having been oversubscribed 168.32 times. AceVector, which is founded by Kunal Bahl and Rohit Bansal , opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, several companies, including INOX Clean Energy, logistics service provider Shadowfax Technologies, stock broking firm Groww, Gaja Alternative Asset Management, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage.
Business Upturn
a day ago
- Business Upturn
Snapdeal's parent company AceVector files confidential IPO papers: Report
By Aditya Bhagchandani Published on July 19, 2025, 13:05 IST AceVector, the parent company of e-commerce platform Snapdeal, has confidentially filed draft papers with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO). In a public statement on Saturday, the Gurugram-based company said it has submitted the pre-filed draft red herring prospectus (DRHP) to Sebi and the stock exchanges in connection with its IPO on the main board. Apart from Snapdeal, AceVector also operates the software-as-a-service (SaaS) platform Unicommerce and the consumer brand-building firm Stellar Brands. Notably, Unicommerce became a publicly listed company in 2024, with its IPO oversubscribed by 168.32 times. AceVector, founded by Kunal Bahl and Rohit Bansal, has opted for the confidential pre-filing route — a regulatory mechanism that lets companies keep their IPO details private until later stages. This route has grown popular among Indian firms for the flexibility it offers. In recent months, several companies — including INOX Clean Energy, Shadowfax Technologies, Groww, Gaja Alternative Asset Management, Shiprocket, Tata Capital, PhysicsWallah, and Imagine Marketing (boAt) — have taken the same approach. In 2024, Swiggy and Vishal Mega Mart also went public after filing confidentially. According to market observers, the confidential filing route gives companies more time and flexibility by extending the IPO launch window to 18 months (from 12 months in the traditional route) after Sebi's final comments, and allowing them to modify the primary issue size by up to 50% at the updated DRHP stage. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
