Infibeam to acquire ERP solutions firm DRC Systems

For-Telematics-Story-TC_ThinkstockPhotos-519528974Infibeam Incorporation Ltd, the parent of online marketplace Infibeam and e-commerce enabler BuildaBazaar, is acquiring Ahmedabad-based DRC Systems Pvt. Ltd through its wholly-owned subsidiary NSI Infinium Global Pvt. Ltd. The two companies have signed a memorandum of understanding (MoU) to this effect, said a press statement. DRC Systems provides cloud enterprise ERP solutions and develops […]

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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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Infibeam set to merge payment gateway firm CCAvenue with itself

For-Quickr-Story_ThinkstockPhotos-519528974Infibeam Incorporation Ltd has entered into a pact to merge CCAvenue with itself in a deal that is expected to value the payment gateway firm at Rs 2,000 crore ($298 million). The e-commerce company, which already owns 3.85% in Avenues India Pvt. Ltd-run CCAvenue through subsidiary NSI Infinium Global, will acquire another 7.5% stake in […]

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E-com firm Infibeam lists on stock market with gains

InfibeamInfibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, made its stock market debut with gains on Monday, defying naysayers after its initial public offering (IPO) sailed through without bells and whistles last month. The issue, the first by an e-commerce firm in India, was seen as an appetizer for […]

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Infibeam IPO sails through without bells and whistles

infibim_feThe initial public offering (IPO) of Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, sailed through in the dying hours of the three-day issue period. With just under two hours of the issue remaining, only the institutional investors portion was undersubscribed. The shares reserved for HNIs & corporate investors […]

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Infibeam IPO subscribed 63% on day 2

infibim_feThe initial public offering (IPO) of Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, was covered 63 per cent at the end of day two on Tuesday, led by non-institutional investors. Stock-exchange data show that non-institutional investors, which include affluent individuals and corporate houses, bid for around 1.4 times […]

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Infibeam IPO subscribed 21% on first day

VCCircle_Infibeam--4The initial public offering of Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, was covered just 21 per cent at the end of day one on Monday, stock-exchange data show. Qualified institutional buyers (QIBs) bid for around 22 per cent of their quota while non-institutional investors bid for about […]

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Infibeam eyes up to $340M valuation in IPO

VCCircle_infibeam2Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, is eyeing a valuation of as much as Rs 2,289 crore ($340 million) in the first public issue of an e-commerce firm in the country. The company has pegged a price band of Rs 360-432 a share for the issue which opens on March […]

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Infibeam eyes up to $340M valuation in IPO

VCCircle_infibeam2Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, is eyeing a valuation of as much as Rs 2,289 crore ($340 million) in the first public issue of an e-commerce firm in the country. The company has pegged a price band of Rs 360-432 a share for the issue which opens on March […]

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