| Date | Title | Description |
| 03.10.2024 | Rediff.com’s New Dawn: A Strategic Shift in Digital Finance | In the fast-paced world of digital finance, change is the only constant. Rediff.com, a name once synonymous with online news and content, is now pivoting towards a new identity. With the recent appointment of Vishal Mehta as Chairman and Ma... |
| 03.10.2024 | Rediff.com Appoints Vishal Mehta as Chairman and MD Following Infibeam Acquisition The appointment comes shortly after Infibeam Avenues acquired a 54% stake in Rediff.com in August, signaling its inte... | Rediff.com has announced the appointment of Vishal Mehta as its new Chairman and Managing Director, marking a pivotal leadership change following Infibeam Avenues Ltd's acquisition of a majority stake in the company.
The board of directors ... |
| 01.10.2024 | UPI sets new record with more than 15 Bn transactions in Sept | Unified Payments Interface (UPI) has achieved a significant milestone by processing over 15 billion transactions in a month for the first time in September.
Data published by the National Payments Corporation of India (NPCI) indicates that ... |
| 04.09.2024 | CCAvenue SoundBox Max launched by Infibeam Avenues | CCAvenue SoundBox Max, an all-in-one point of sale (POS) device designed for retailers and merchants throughout India, was introduced by fintech company Infibeam Avenues.
CCAvenue claims that SoundBox Max is made to change the way that reta... |
| 05.08.2024 | Majority stake in Rediff.com acquired by Infibeam Avenues | A 54% stake in Rediff.com India Ltd. has been acquired by the fintech company Infibeam Avenues. With the help of this internally funded acquisition, Infibeam Avenues will launch its consumer-facing digital financial service as an aggregator... |
| 03.08.2024 | Fintech Player Infibeam Avenues Picks Up a 54% Stake in News Website Rediff The strategic move marks Infibeam's entry into consumer-facing digital financial service as an aggregator backed by a news, ... | Gujarat-based fintech player Infibeam Avenues has entered an agreement for a 54 stake in Rediff.com India.
In a filing with the BSE, Infibeam shared it would invest around INR 50 crore in the news website, split equally between equity and d... |
| 02.08.2024 | Infibeam Avenues Q1: Profit Jumps 59% YoY To INR 50.4 Cr | SUMMARY
Infibeam Avenues posted a profit after tax (PAT) of INR 50.4 Cr in Q1 FY25, up 59% from INR 31.6 Cr in the year-ago quarter
Revenue from operations rose 1.4% to INR 752.7 Cr in Q1 FY25 from INR 742.3 Cr in the corresponding quarter ... |
| 02.08.2024 | Infibeam acquires Rediff; Bebe Burp raises pre-Series A funding | Listed payments infra and SaaS company Infibeam Avenues has acquired a 54.10% stake in online information portal Rediff for a cash consideration of Rs 25 crore. The acquisition will value Rediff at Rs 46.2 crore.
Additionally, Infibeam woul... |
| 02.08.2024 | Infibeam Picks Up Majority Stake In Rediff.com | SUMMARY
Infibeam Avenues plans to acquire a 54.1% stake in Nasdaq-listed digital content and ecommerce marketplace Rediff.com for INR 25 Cr
The majority stake acquisition in Rediff.com marks Infibeam’s foray into the consumer facing digital... |
| 09.07.2024 | Infibeam Onboards Ex-SBI Pension Funds Executive Narayanan Sadanandan As Independent Director | SUMMARY
Infibeam Avenues has appointed Narayanan Sadanandan, former MD & CEO of SBI Pension Funds, as an Independent Director.
Sadanandan's appointment is for a five-year term, subject to shareholder approval.
Infibeam Avenues processed... |
| 25.06.2024 | To promote AI adoption, Infibeam Avenues collaborates with EDII | To encourage the adoption of AI among businesses, startups, and MSMEs, Infibeam Avenues and the Entrepreneurship Development Institute of India (EDII) have signed a Memorandum of Understanding (MoU).
According to a press release from the co... |
| 24.06.2024 | Infibeam Partners EDII To Fuel AI Adoption For Enterprises, Startups And MSMEs | SUMMARY
Infibeam will help build AI software solutions for startups, MSMEs and EDII beneficiaries to boost their commercial and business development opportunities
Besides, the partnership will also focus on three programmes, including Start... |
| 16.05.2024 | Infibeam Avenues Q4FY24 results: Net profit rises 26.2% to Rs 49.6 crore | - |
| 16.05.2024 | Infibeam Avenues Q4 PAT Rises To INR 49.2 Cr | SUMMARY
Infibeam’s operating revenue increased over 11% YoY but declined 20% QoQ to INR 726.8 Cr in Q4 FY24
The company also noted challenges posed by the “dynamic and competitive environment"; its payment business revenue declined qua... |
| 02.05.2024 | Infibeam's CCAvenue partners with Shivalik SFB to improve merchant access | - |
| 30.04.2024 | Groww receives RBI approval to operate as payment aggregator | Fintech unicorn Groww has received approval from the Reserve Bank of India to operate as a payment aggregator. The firm has joined several fintechs which recently received similar approval from the central bank.
RBI has granted the licence ... |
| 24.04.2024 | PayU to onboard new merchants as it gets PA license from RBI | PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform.
Back in January 2023, the apex banking body ... |
| 19.04.2024 | RBI’s draft KYC guidelines add burden and cost for payment aggregators | The Reserve Bank of India’s new draft guidelines on Know Your Customer (KYC) for Payment Aggregators (PAs) may have a significant impact on micro and small-scale businesses and solopreneurs.
Earlier this week, the central bank published dra... |
| 17.12.2018 | Shapoorji Pallonji-backed Suvidhaa to invest ₹25 crore in Infibeam unit | NSI will be merged with Suvidhaa Infoserve through a scheme of amalgamation.
Shapoorji Pallonji-backed fintech company Suvidhaa Infoserve Pvt Ltd said it will pick up a 5 per cent stake for ₹25 crore in NSI Infinium Global Private Ltd, a wh... |
| 03.04.2018 | RIL-backed Network18 Group invests Rs 40 Cr in Infibeam | Reliance Industry-owned Network18 has invested $6.2 million (Rs 40 crore) in Ahmedabad-based e-commerce platform Infibeam. The investment was structured and executed by Capital18, media, and venture investment division of the Mukesh Ambani-... |
| 15.02.2018 | Infibeam to raise Rs 40 Cr from Mukesh Ambani’s TV18, posts profit of Rs 31 crore | Distributed e-commerce marketplace provider Infibeam is set to raise around Rs 40 crore ($6.23 million) from RIL Chairman Mukesh Ambani-controlled TV18.
The investment will be based on an ad-for-equity. The firm will issue fully convertible... |
| 14.02.2018 | TV18 Broadcast to invest $6.2 mn in Infibeam | Billionaire Mukesh Ambani-controlled TV18 Broadcast Ltd is investing up to Rs 40 crore ($6.23 million) in Ahmedabad-based Infibeam Incorporation Ltd.
Infibeam will issue fully convertible warrants equivalent to a 0.4% stake in the company u... |
| 20.01.2018 | Next Orbit invests ₹115 crore in Infibeam IPO | Investment firm Next Orbit Ventures has invested about ₹115 crore in e-commerce firm Infibeam’s ₹450-crore IPO.
The Mumbai-based venture capital firm now owns an around 5 per cent stake in the Ahmedabad-based company.
The amount has been in... |
| 20.03.2016 | Infibeam’s Rs450 crore IPO to hit markets on Monday | In addition, the funds will be used for setting up of 75 logistics centres, purchase of software and for other general corporate purposes.
Infibeam’s Rs450 crore IPO to hit markets on Monday 1 min read . Updated: 20 Mar 2016, 11:07 PM IST P... |
| 01.07.2015 | Infibeam Incorporation Limited Files Draft Red Herring Prospectus with SEBI for Rs. 4,500 Million IPO | Mumbai, Maharashtra, India
Infibeam Incorporation Limited (the “Company” or “Infibeam”) has filed a Draft Red Herring Prospectus (“DRHP”) with SEBI for an initial public offering (“IPO”) of Equity Shares of Rs. 10 each (“Equity Shares”) for... |
| 12.06.2015 | Infibeam Announces Big Bang Sale with Guaranteed Attractive Price Daily from June 15–17 | India
Infibeam Incorporation Ltd – one of India’s leading e-commerce and technology solution companies is coming up with #BigBangSale starting June 15, 2015. The three day Big Bang Sale will showcase exclusive deals across most of the categ... |
| 29.04.2015 | BlackBerry Rolls Out Unique Loyalty Program for its Customers in India Exclusively on Infibeam.com | India
BlackBerry today announced a limited period Loyalty Program on select BlackBerry 10 smartphones for its customers in India. Customers can now purchase flagship devices like BlackBerry Passport, BlackBerry Z30, BlackBerry Z3 and newly ... |
| 16.05.2014 | Luxury car hire service Uber in talks for fresh funding at over $10B valuation | San Francisco-headquartered online luxury car hire service Uber Technologies Inc is in talks to raise a fresh round of funding at a $10 billion valuation, says a Bloomberg report, citing sources.
Uber, which expanded to India in October las... |
| 25.02.2014 | Infibeam Acquires ODigMa | Infibeam, an Ahmedabad, India based ecommerce company, acquired ODigMa, a Bangalore-based digital marketing company.
The amount of the transaction was not disclosed. The acquisition aims to further strengthen and expand Infibeam’s ecommerce... |
| 05.01.2011 | Infibeam.com Eyes Up To Rs 100Cr VC Funds; Turns Solutions Provider | Ecommerce startup Infibeam.com, that started as an online shopping portal for books in 2007, is in the market to raise growth capital in the range of Rs 50-100 crore to fire its transition to a supply chain management company.
For starters,... |
| - | Risky, Avoid, Miss: Infibeam’s Much Awaited IPO Gets A Thumbs Down From Analysts On Its First Day | Infibeam Incorporation Ltd has earned the distinction of becoming the first Indian ecommerce firm to launch an initial public offering (IPO). But will it be able to earn the distinction of successfully carrying through the issue and raising... |
| - | Infibeam, CCAvenue To Invest In Fintech Startup RemitGuru | Image Source
Global ecommerce solutions provider, Infibeam Incorporation Limited, along with its joint entity, CCAvenue announced that it will invest $466K (around INR 3 Cr) in digital money transfer platform, Avenues Payments India Private... |
| - | Funding Galore: Startup Fundings Of The Week [23 January – 28 January] | Indian ecommerce giant Flipkart has had a rough 2016 in terms of valuation downfall. Looks like 2017 isn’t going very well for it, as well. Fidelity’s managed mutual fund has now slashed its valuation by 36.1%. The company is now currently ... |
| - | Infibeam To Invest $22.4 Mn In Payment Gateway CCAvenue, Plans To Merge Operations | Ahmedabad-based Infibeam is planning to merge with payment gateway CCAvenue.
In May 2016, Infibeam had invested about $6.7 Mn (INR 45 Cr) in the payment gateway. As per a recent filing, Infibeam currently holds 3.85% of equity shares in CCA... |
