February 15th, 2019
Infibeam Avenues Thursday said its net profit grew manifold close to $4 million (Rs 26.6 crore) during the December 2018 quarter from the year-ago period.
The net profit stood at Rs 1.9 crore in the October-December 2017 period, Infibeam said in a statement.
The company's total revenue more than doubled to Rs 150.3 crore in the...
December 31st, 2018
eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated.
"...we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time...
December 18th, 2018
Suvidhaa Infoserve which is a payments entity based in Mumbai has acquired 5% stake in the popular online e-commerce and payment solution company Infibeam.com. The deal has been valued at Rs 25 crore.Infibeam Avenues which owns Infibeam.com said that its board of directors has entered into a binding MoU...
November 3rd, 2018Jason Kothari, who was appointed as the president of listed e-commerce company Infibeam Avenues approximately five months back, has reportedly resigned from his position due to personal reasons.
The company stated that Kothari was responsible for heading its strategy, corporate development, international operations, and investor...
October 18th, 2018Indian internet and e-commerce conglomerate Infibeam which is one of the most important companies in the country has lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised issues about the e-commerce company’s accounting practices.
The stock of the company collapsed as much as...
July 12th, 2018Ahmedabad-based e-commerce conglomerate Infibeam has launched a new UPI App Intent for the acceptance of payments and flow for CCAvenue payment gateway merchants.
UPI App Intent processes the transactions on native mobile apps with the help of existing UPI supported apps such as Tez, BHIM, PhonePe etc that are downloaded on the...
July 9th, 2018What is the stock exchange? In simple words, stock exchange refers to an organized market in which securities are bought and sold. If we go into the detailed description, the prices at which these securities are bought and sold are regulated by the forces of demand and supply.
The stock exchange basically is an investment intermediary...
June 30th, 2018Ahmedabad based E-commerce Major Infibeam is now ready to expand its business in IT segment as it looking forward to setting up its payment bank along with raising $292 Mn (INR 2000 Cr).
In a recent company's general meeting held on June 28, 2018 shareholders have approved a change in the company name from “Infibeam Incorporation...
June 21st, 2018Infibeam, India's first listed e-commerce company has created a benchmark record of registering over 40,000 domain names in a single day.
According to the official statement, the company which runs a unique business model with a mix of Infibeam shopping destination and Infibeam Web Services and country’s first generic top-level...
June 18th, 2018India's technology industry is bracing itself for the next era of e-commerce warfare, especially after the mega Walmart-Flipkart deal has come into play.
While the acquisition has returned a lot of liquidity in the ecosystem, it has also sparked off a maiden opportunity for new entrepreneurs and investors, adding to the wait for the...
June 17th, 2018Jason Kothari the former chief executive of Snapdeal is joining Ahmedabad-based online e-commerce platform Infibeam as President. In the sudden move, Kothari will now hold company's lead strategy, corporate development, international operations, and investor relations process.
According to the press release, the company said, Kothari...
