Infibeam news and archive

Infibeam to acquire Snapdeal's Unicommerce

Ahmedabad-based Infibeam Incorporation recently stated that it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs120 crore. According to the company under the agreement,Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up to...

Retail

Infibeam’s profit gets a boost with digital adoption

Infibeam reported another strong growth mainly due to its flagship product Infibeam WebServices (IWS), which grew by 252 per cent YoY in Q3 FY18 and generated 45 per cent EBITDA margin. The revenue contribution from IWS segment has increased to 66 per cent in Q3 FY18 from 39 per cent in Q3 FY17. According to the company, its IWS revenue grew 252...

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Business

Infibeam to raise Rs 450 crores through IPO

Online portal Infibeam Incorporation will go public on March 21 to mop-up Rs 450 crore through an initial share plan. It becomes the first e-commerce firm to tap the Initial Public Offer (IPO) route. The price band has been fixed at Rs 360-432 per equity share for the IPO. The IPO will conclude on March 23 as per the latest update available with...

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Business

Infibeam gets RBI nod for FII investment up to 49 percent

While online marketplace Infibeam has received a green signal from RBI for FII investment of up to 49 percent, market regulator Sebi has sought clarification from the merchant banker of the firm regarding its proposed IPO. Infibeam filed a draft red herring prospectus with the BSE and the NSE in June to raise Rs 450 crores. After hearing from...

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Business

Infibeam prepares for IPO launch on the Indian bourses

Ahmedabad-based e-commerce player Infibeam is ready to announce its public listing on the Indian stock exchange, becoming the first ecommerce firm to take this step. Interestingly the company has also kept itself away from raising funds from VCs, while leading players in the ecommerce space are escalating valuations to attract funds. Infibeam...

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Business

Infibeam plans to raise funds through IPO

Ahmedabad-based e-commerce company Infibeam has decided to file its draft red herring prospectus with market regulator the Securities and Exchange Board of India by December as it plans to raise around Rs 500 to 1,000 crores funds through initial public offering (IPO). Infibeam, which owns and operates e-commerce venture Infibeam.com and B2B...