What’s firing up Infibeam

Infibeam22India’s e-commerce story is a familiar one—cash burn, negative unit economics and a pipe dream called profitability, all in the name of customer acquisition. But Ahmedabad-based Infibeam Incorporation Ltd, the country’s first online retailer to go public, has scripted a growth story that flies in the face of the prodigal ways of other, heavily-funded e-commerce […]

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Online payments startup Razorpay turns profitable as sales rise 10-fold

For-PayU-Story-TC_ThinkstockPhotos-512349742Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Net sales stood at […]

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Payment gateway CCAvenue to raise $8.9 mn from Infibeam

Infibeam22E-commerce firm Infibeam Incorporation Ltd has decided to invest Rs 60 crore (around $8.9 million) in Avenues India Pvt Ltd that operates payment gateway CCAvenue. Infibeam’s wholly owned subsidiary NSI Infinium Global Pvt. Ltd has signed a definitive agreement with Avenues India for the investment, the company said in a stock exchange filing. The investment […]

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Infibeam to invest up to $6.7 mn in CCAvenue

infibeam_feE-commerce firm Infibeam Incorporation Ltd said on Monday it will invest up to Rs 45 crore ($6.7 million) in the company that operates the payment gateway CCAvenue. Infibeam’s wholly owned subsidiary NSI Infinium Global Pvt. Ltd has signed a term sheet with Avenues (India) Pvt Ltd for the investment and is in talks for a […]

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Customer engagement startup Customer360 raises funding from CCAvenue founder

Mumbai-based cloud-based customer analytics solution provider Customer360 Inc has raised an undisclosed amount of funding from Vishwas Patel, founder & CEO of payment solutions venture CCAvenue, as per a press release. Founded by Mitul Thakkar, Onkar Bhosle and Mayuresh Shilotri in 2013, Customer360 had previously raised $500,000 in seed funding during its establishment from search […]

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