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News18
08-08-2025
- 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.
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Business Standard
08-08-2025
- 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.
Mint
01-05-2025
- Business
- Mint
Infibeam gears up to make a strong comeback with new marketplace for Agentic AI
GIFT City-based fintech and platform tech giant Infibeam Avenues Ltd is engineering a high-profile comeback - not in traditional e-commerce, but as a pioneer in the emerging realm of Agentic AI. According to sources familiar with the development, the company is preparing to launch a global marketplace dedicated to Artificial Intelligence Agents, known as Agentic AI, aimed at developers, enterprises, and everyday users— with zero coding skills required. The upcoming platform will allow users to build, buy, sell, and operate AI Agents capable of performing tasks autonomously, marking a sharp evolution from standard AI tools to functional digital co-workers. The project is reportedly being incubated under Infibeam's dedicated AI business unit, which has been operating in stealth mode over the past several months. A query sent to the company remained unanswered. Sources said Infibeam's last year acquisition of once a household internet name in India, was far more than symbolic. After acquiring a controlling 54.1 per cent stake, Infibeam founder and chairman Vishal Mehta was appointed at the helm of Rediff - triggering early speculation about the group's broader ambitions. At the time, Infibeam revealed plans to revamp Rediff into a consumer-facing digital finance hub and plans for rolling out offerings like RediffPay (a UPI payments app) and RediffOne, a comprehensive enterprise productivity suite. However, what remained undisclosed—until now—was the parallel roadmap to re-enter the digital marketplace space via creating a marketplace for Agentic AI or AI Agent. "Infibeam was always a growth-focused bottom-line driven e-commerce outlier in a sea of discount-driven giants like Amazon, Flipkart, and Snapdeal," a company source said on condition of anonymity. "But the decision to focus into fintech with the CCAvenue proved prescient. After turning CCAvenue as one of the largest payment gateway brand, now, Infibeam is eyeing a fresh frontier - Marketplace for Agentic AI - as its next big leap." Under Mehta's leadership—an alumnus of Cornell and MIT, and a former Amazon executive who once worked closely with Jeff Bezos - Infibeam is seen betting on deep tech rather than deep discounts. And this time, it's aiming to build a truly global AI marketplace where intelligent agents don't just generate text but execute workflows, automate business tasks, and function with human-like autonomy. Infibeam's team at has been working behind closed doors on what insiders describe as a marketplace platform that's as accessible as a website builder but as powerful as an AI developer toolkit. Users - from startups to enterprises - will be able to create agents capable of executing tasks across domains like customer service, finance, logistics, and more. "Think of it as an AI workforce you can build without a single line of code," the source added. "The company is placing a big bet on the idea that Agentic AI is not just a trend, but the next platform shift after mobile and cloud." As the company prepares to unveil its marketplace sooner, all eyes are now on how Infibeam will shape this next chapter - not just for itself, but for the broader AI ecosystem in India and beyond. First Published: 1 May 2025, 05:06 PM IST
