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Time of India
04-08-2025
- 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
04-08-2025
- 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
04-08-2025
- 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
04-08-2025
- 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.
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
