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News18
a day 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.
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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
2 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
2 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.
Entrepreneur
16-07-2025
- Business
- Entrepreneur
Infibeam Avenues Closes INR 700 Cr Rights Issue
The Rights Issue was structured at a ratio of 67 shares for every 267 shares held, priced at INR 10 per share. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Infibeam Avenues Ltd, an AI-driven fintech leader, has successfully concluded its INR 700 crore Rights Issue. The offering, which closed on July 11, 2025, received an overwhelming response from investors and was oversubscribed by 1.40 times. This strong participation reflects investor confidence in the company's AI-driven strategy and its continued expansion in the digital payments sector. The Rights Issue was structured at a ratio of 67 shares for every 267 shares held, priced at INR 10 per share. This price included a premium of INR 9 per share. Eligible equity shareholders had the opportunity to subscribe to approximately four new shares for every one held on the record date. The response was robust across the investor spectrum, with participation from promoters, institutions, high-net-worth individuals, and retail investors. In a meeting held on July 15, 2025, the Rights Issue Committee approved the allotment of 69,99,85,723 partly paid-up equity shares. Each share was priced at INR 10, with INR 5 received on application and the remaining amount to be paid on future calls determined by the Board or Committee. Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd, said, "We are sincerely grateful for the overwhelming support and confidence shown by our shareholders. Their belief in our strategic vision motivates us to continue building innovative, AI-powered platforms and solutions for India and beyond. The funds raised will further strengthen our balance sheet and enable us to invest in key growth areas, including AI-driven products, digital payment solutions, and selective acquisitions aligned with our vision." The net proceeds from the issue are intended for investments in the company's agentic AI and video intelligence arm; expansion of RediffPay to enhance UPI and digital financial services; development of RediffOne, an enterprise AI and e-commerce platform; strategic acquisitions aligned with the company's vision; and establishing edge data centers across India. Infibeam Avenues claims to have processed INR 7.0 trillion in transactions during FY24 and serves over 10 million clients globally. Its operations extend to the UAE, Saudi Arabia, Australia, the United States, and Oman. The subscription figures are provisional and subject to reconciliation and final allotment confirmation in accordance with SEBI guidelines.
