Latest news with #Infibeam
News18
3 days ago
- Business
- News18
Infibeam Avenues PAT rises 70 pc to Rs 85.5 cr in Q1
New Delhi, Aug 8 (PTI) Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70 per cent to Rs 85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience. The company said its board has also approved strategic transfer of e-commerce platform infrastructure business to India Ltd for Rs 800.39 crore, thus increasing Infibeam's stake in Rediff from 54.1 per cent to 82.7 per cent. The company, which owns payment platform CCAvenue and internet firm Rediff, had posted a PAT of Rs 50.2 crore in the year-ago period, according to an investor presentation. The fintech company posted a 72 per cent growth in consolidated gross revenue to Rs 1,280.2 crore in the June quarter compared to Rs 745 crore in the year-ago period. 'Our AI-embedded fintech products have delivered better pricing control and enhanced customer experiences," Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd, said in a statement. The Infibeam board also approved a business transfer agreement with India Ltd to sell and transfer its platform business undertaking through a slump sale, the statement said. After the deal, Infibeam said it will 'double down' on digital payments and AI innovation through CCAvenue and respectively. Rediff is also evaluating capital-raising options, including a potential IPO, to fuel rapid growth across its product portfolio and expand its presence in the enterprise SaaS and digital commerce markets. PTI HG TRB view comments First Published: 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.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Infibeam to sell ecommerce unit to its subsidiary Rediff for Rs 800 crore
Fintech player Infibeam Avenues is set to sell its e-commerce platform and infrastructure business to its subsidiary Rediff for ₹800.39 crore as the company looks to explore synergies between the two verticals. Infibeam's stake in Rediff is expected to increase from 54.1 per cent to 82.7 per cent following the transaction. Rediff is also evaluating capital-raising opportunities, including a potential initial public offering (IPO), to expand product growth and strengthen its position in the market. Rediff's ecosystem of offerings includes Rediffmail, an enterprise-grade email service; RediffPay for digital payments; and RediffOne, an integrated suite of business tools, which will now include e-commerce platform technology. The transfer of business will be executed as a slump sale. This means the business will be sold in its entirety for a lump sum, without assigning separate values to individual assets or liabilities. The transaction is subject to shareholder and regulatory approvals. Rediff will operate the e-commerce platform under the RediffOne and Rediff Ecommerce brands. 'At Infibeam, we are accelerating our leadership in India's payments and AI infrastructure, while Rediff is poised to dominate digital enterprise platforms and consumer commerce technology,' said Vishal Mehta, Chairman and Managing Director, Infibeam Avenues. The company said it will now focus exclusively on ramping up CCAvenue's digital payment ecosystem. It will also scale up artificial intelligence (AI) and agentic infrastructure services under Rediff will focus on expanding Rediffmail, RediffPay, Rediff News Platform and RediffOne, along with the Rediff Ecommerce platform. Meanwhile, Infibeam's consolidated net profit declined 12.3 per cent from ₹69.85 crore in the first quarter of financial year 2024–25 (Q1FY25) to ₹61.2 crore in Q1FY26. Sequentially, profit grew 24.7 per cent from ₹49.1 crore. Infibeam's revenue from operations rose 71.8 per cent from ₹745 crore in Q1FY25 to ₹1,280.2 crore in Q1FY26. Sequentially, revenue grew 10.3 per cent from ₹1,160.5 crore in Q4FY25. The company's expenses increased 77.2 per cent from ₹693.7 crore in Q1FY25 to ₹1,229.3 crore in Q1FY26. Sequentially, they rose 11.36 per cent from ₹1,103.8 crore in Q4FY25.
Time of India
3 days ago
- Business
- Time of India
Infibeam to sell ecommerce unit to Rediff for Rs 800 crore
The board of Infibeam Avenues has approved the sale of its ecommerce business to Rediff .com for Rs 800.39 crore on a slump sale basis, according to an exchange filing on Friday. Of this, Rs 400 crore will be paid in cash, and the remaining Rs 400.39 crore through fresh issue of equity deal will allow both companies to focus on their core businesses while unlocking value for shareholders and the broader ecosystem, said Vishal Mehta, chairman and managing director, Infibeam Avenues Infibeam said it will double down on digital payments and AI innovation through its subsidiaries, CCAvenue and Rediff will run the ecommerce infrastructure platform as part of the upcoming RediffOne business suite and standalone Rediff Ecommerce. The internet company will also focus on expanding its enterprise-grade email, Rediffmail, along with digital payments platform RediffPay and Rediff News the financial year 2025, CCAvenue clocked a revenue of Rs 3,546 crore, with earnings before interest, taxation, depreciation and amortisation (Ebitda) of Rs 111 crore. The ecommerce platform technology infrastructure business raked in Rs 180 crore in operational revenue and Rs 137 crore of the deal, key assets, liabilities, intellectual properties, talent, and customer contracts related to the platform business will be transferred to India Ltd. Infibeam will retain strategic oversight through its increased is exploring ways to raise more capital, including a potential intial public offering, Infibeam said in the filing.
Economic Times
3 days ago
- Business
- Economic Times
Infibeam to sell ecommerce unit to Rediff for Rs 800 crore
The board of Infibeam Avenues has approved the sale of its ecommerce business to for Rs 800.39 crore on a slump sale basis, according to an exchange filing on Friday. Of this, Rs 400 crore will be paid in cash, and the remaining Rs 400.39 crore through fresh issue of equity shares. The deal will allow both companies to focus on their core businesses while unlocking value for shareholders and the broader ecosystem, said Vishal Mehta, chairman and managing director, Infibeam Avenues. Infibeam said it will double down on digital payments and AI innovation through its subsidiaries, CCAvenue and respectively. Meanwhile, Rediff will run the ecommerce infrastructure platform as part of the upcoming RediffOne business suite and standalone Rediff Ecommerce. The internet company will also focus on expanding its enterprise-grade email, Rediffmail, along with digital payments platform RediffPay and Rediff News platform. In the financial year 2025, CCAvenue clocked a revenue of Rs 3,546 crore, with earnings before interest, taxation, depreciation and amortisation (Ebitda) of Rs 111 crore. The ecommerce platform technology infrastructure business raked in Rs 180 crore in operational revenue and Rs 137 crore of the deal, key assets, liabilities, intellectual properties, talent, and customer contracts related to the platform business will be transferred to India Ltd. Infibeam will retain strategic oversight through its increased shareholding. Rediff is exploring ways to raise more capital, including a potential intial public offering, Infibeam said in the filing.
Fashion Network
02-06-2025
- Business
- Fashion Network
Infibeam Avenues Q4 net profit rises 20 percent to Rs 55 crore
B2B payments firm Infibeam Avenues posted a 20 percent increase in consolidated net profit to Rs 55 crore for the March quarter, as against Rs 47 crore in the year-ago period. The company's revenue for the quarter grew 62 percent year-on-year to Rs 1,160 crore. For the full financial year, consolidated net profit rose 51 percent to Rs 236 crore while consolidated revenue grew to Rs 3,992 crore from Rs 3,150 crore in the previous year. The payments segment, which includes the CCAvenue payment gateway and other related services, remained the primary revenue driver, contributing over Rs 3,786 crore to the full-year top line. The e-commerce platform business added another Rs 20 crore to revenue. Commenting on the results, Vishal Mehta, chairman managing director of Infibeam in a statement said, 'Our continued expansion in the Middle East and our foray into the AI space with new, transformative offerings are setting the stage for the next phase of growth. As part of this vision, we plan to invest up to USD 100 million over the next three years in advancing our AI capabilities—from intelligent payment solutions to next-generation infrastructure.'
