Latest news with #RediffOne
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Business Standard
2 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
6 days ago
- Business
- Time of India
Internet firm Rediff explores options to raise $100 mn
Mumbai: Internet company Rediff is exploring options, including an initial public offering , to raise up to $ 100 million (around ₹875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments , according to sources. The company, which is majority owned by financial technology company Infibeam Avenues Ltd , is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its $ 100 million fundraising, sources said. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, "Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options." Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment - RediffPay . Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services - all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites - Microsoft 365, Google Workspace, and Zoho - are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform.
The Print
6 days ago
- Business
- The Print
Internet firm Rediff explores options to raise USD 100 mn
The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its USD 100 million fundraising, sources said. The company, which is majority owned by financial technology company Infibeam Avenues Ltd, is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. Mumbai, Aug 4 (PTI) Internet company Rediff is exploring options, including an initial public offering, to raise up to USD 100 million (around Rs 875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments, according to sources. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, 'Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options.' Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment – RediffPay. Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services — all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites — Microsoft 365, Google Workspace, and Zoho — are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform. PTI IAS MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
6 days ago
- Business
- Business Standard
Rediff plans to raise $100 mn to expand email, payments services
Internet company Rediff is exploring options, including an initial public offering, to raise up to $ 100 million (around ₹875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments, according to sources. The company, which is majority owned by financial technology company Infibeam Avenues Ltd, is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its $ 100 million fundraising, sources said. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options. Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment - RediffPay. Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites Microsoft 365, Google Workspace, and Zoho are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform.
News18
7 days ago
- Business
- News18
Internet firm Rediff explores options to raise USD 100 mn
Mumbai, Aug 4 (PTI) Internet company Rediff is exploring options, including an initial public offering, to raise up to USD 100 million (around Rs 875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments, according to sources. The company, which is majority owned by financial technology company Infibeam Avenues Ltd, is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its USD 100 million fundraising, sources said. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, 'Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options." Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment – RediffPay. Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services — all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites — Microsoft 365, Google Workspace, and Zoho — are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform. PTI IAS MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) 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.
