Infibeam Inc
The Indian e-commerce market is expected to have a gross merchandise value of US$ 350 billion by 2030.
Infibeam Avenues Limited (IAL) was incorporated on June 30, 2010, at Ahmedabad, Gujarat as a public limited company under the Companies Act 1956. It’s an E-commerce company focused on developing an integrated and synergistic E-commerce business model. The company owns and operates the Infibeam BuildaBazaar (BaB) E-commerce marketplace which provides cloud-based modular and customizable digital solutions and other value-added services to enable merchants to set up online storefronts. As part of the integrated E-commerce ecosystem, it operates Infibeam.com, a multi-category E-retail website. The company’s integrated business model enables it to provide comprehensive multi-channel and multiscreen value-added services to merchants.
- Over 900 Employees
- More than 15 million stock keeping units (SKUs) across 40 product categories
- Standalone total income in the third quarter of FY23 stood at US$ 1.49 billion (Rs. 12,253 million)
Infibeam Inc
| Year | Milestone |
|---|---|
| 2023 |
Infibeam Avenues Ltd, India’s first listed fintech company that owns and operates - BillAvenue, a leading online bill payment platform, announced on March 6, 2023 that it had crossed the milestone of 1 million agents comprising of kirana shop, grocery shop, pan shop, small pharmacy stores, and the likes across India. In February 2023, Infibeam Avenues’s flagship payments brand-CCAvenue, became the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants. In January 2023, Infibeam Avenues becomes first payments platform to process retail Central Bank Digital Currency (CBDC) transactions. |
| 2022 |
In June 2022, Infibeam Avenues launches mobile app with TapPay feature. By simply downloading a supported app, merchants will be able to turn their current Android smartphone devices into payment terminals. In June 2022, Infibeam Avenues is expected to grain 5% market share in Australia in the next three years. |
| 2021 |
In May 2021, Infibeam Avenues announced its foray into neobanking through ‘GRIT’ platform, a part of its step-down subsidiary, Cardpay Technologies. |
| 2020 |
In November, IAL received an approval from the National Company Law Tribunal (NCLT), Ahmedabad, for the demerger of its various entities, including SME e-commerce service and e-commerce business undertaking. The company’s shares climbed 10% and hit a high of Rs. 87, after this announcement. In November, the company signed a contract with Oman’s second-largest bank, the Bank of Muscat, to process the bank’s online card transactions of various payment networks through its digital payment solution—CCAvenue Payment Gateway Service. Its shares rose 3.27% to Rs 88.35, after the company said that it will provide digital payment solutions to Oman's Bank Dhofar. Infibeam Avenues announced its decision to invest in So Hum Bharat Digital Payments to bolster its application to the RBI for a new umbrella entity (NUE) license for retail payment systems. In October, IAL entered into an agreement with Reliance Jio for its enterprise solutions. |
| 2019 |
Infibeam Avenues Limited acquired 100% stake in Bengaluru-based Cardpay Technologies Limited. Infibeam entered into partnership with Hindustan Petroleum Corporation Limited (HPCL) for LPG gas cylinder bookings across India through Infibeam’s, BillAvenue platform |
| 2017 |
Infibeam acquired cloud ERP solutions provider DRC System |
| 2016 |
Infibeam lists on both National and Bombay Stock Exchange as Infibeam Avenues Limited. Infibeam signs MoU with IL&FS for implementing digital projects. |
| 2015 |
Infibeam.com was awarded Varindia Top 100 Most Trusted Companies Of The Year 2014. |
| 2014 |
The Company acquired 100% of OdigMa Consultancy Solutions Private Limited. |
| 2013 |
The Company integrated travel technology solutions in Buildabazaar platform for travel and theme park ticketing. |
| 2012 |
The Company launched Buildabazaar enterprise platform. |
| 2011 |
The Company launched 10 million stock keeping units (SKUs) across multiple categories. |
| 2010 |
The Company was incorporated as Infibeam Incorporation Limited. |
Partners
