Friday, November 22

Tag: Network18

E-commerce Conglomerate Infibeam raises $6.2 Million from TV18
15Feb By Sabhyata AgarwalNo Comments
FUNDING

E-commerce Conglomerate Infibeam raises $6.2 Million from TV18

Infibeam, an Indian e-commerce and internet conglomerate has raised Rs 40 crore from Mukesh Ambani's supervised TV18 Broadcast Limited. The Ahmedabad based e-commerce giant has signed a stock-exchange disclosure according to which Infibeam will issue fully convertible warrants equivalent to a 0.4% stake in the company upon conversion. Infibeam which was a news maker in the year 2017, had the preferential shares been issued at a conversion price of INR 186.91 per equity share as per the company’s BSE filing on February 14, 2018. The conglomerate had recorded a similar transaction in the past with Bennett&Coleman Company Limited, that invested Rs 60 crore in Infibeam by subscribing to preferential warrants in January 2017. Infibeam was founded by former Amazon executive Vishal M...
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E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl
18Sep By Press Trust of IndiaNo Comments
News

E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

The e-commerce bubble is likely to burst sooner than later as businesses run on profits and not on ideas, former MD of Network18 Raghav Bahl said. “The bubble is going to burst. History has been witness to this time and again. For the past 100 years, these bubbles have been created from the Tulips, to the dotcoms and now e-commerce. Ultimately, businesses run on cash flows and profits and not on ideas that can be valued at astronomical figures”, he said at the India Retail Forum (IRF) in Mumbai. (more…)
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