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</div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Indian financial technology company</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Infibeam Avenues Limited</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Ia-infibeam-avenues.png" class="mw-file-description"><img alt="Infibeam logo" src="//upload.wikimedia.org/wikipedia/commons/9/9e/Ia-infibeam-avenues.png" decoding="async" width="200" height="70" class="mw-file-element" data-file-width="200" data-file-height="70" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a>: <a rel="nofollow" class="external text" href="https://www.nseindia.com/get-quotes/equity?symbol=INFIBEAM">INFIBEAM</a><br /><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a>: <a rel="nofollow" class="external text" href="https://www.bseindia.com/stock-share-price/x/y/539807/">539807</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Internet" title="Internet">Internet</a>, <a href="/wiki/Fintech" title="Fintech">Fintech</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2007<span class="noprint">; 17 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">2007</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Vishal Mehta</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Gujarat_International_Finance_Tec-City" class="mw-redirect" title="Gujarat International Finance Tec-City">GIFT City</a>, <a href="/wiki/Gandhinagar" title="Gandhinagar">Gandhinagar</a>, <a href="/wiki/India" title="India">India</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data"><a href="/wiki/India" title="India">India</a>, <a href="/wiki/Middle_East" title="Middle East">Middle East</a>, USA & Australia</td></tr><tr><th scope="row" class="infobox-label">Services</th><td class="infobox-data category"><div><ul><li><a href="/wiki/Online_payment" class="mw-redirect" title="Online payment">Online payments</a></li><li>Internet services (data centres, domains)</li><li><a href="/wiki/E-commerce_software" class="mw-redirect" title="E-commerce software">e-commerce software</a>, <a href="/wiki/Artificial_intelligence" title="Artificial intelligence">Artificial Intelligence</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>3,171 crore</span> (US$380 million)<sup id="cite_ref-eti_1-0" class="reference"><a href="#cite_note-eti-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"> ((FY23-24))</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span class="nowrap"><span style="white-space: nowrap">₹</span>147 crore</span> (US$18 million)<sup id="cite_ref-eti_1-1" class="reference"><a href="#cite_note-eti-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> ((FY23-24))</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">650 (in 2022)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external free" href="https://www.ia.ooo/">https://www.ia.ooo/</a></td></tr></tbody></table> <p><b>Infibeam Avenues Limited</b> is an <a href="/wiki/India" title="India">Indian</a> <a href="/wiki/Fintech" title="Fintech">fintech</a> company that provides digital payment services, <a href="/wiki/Ecommerce_platform" class="mw-redirect" title="Ecommerce platform">eCommerce platforms</a>, digital lending, data <a href="/wiki/Cloud_storage" title="Cloud storage">cloud storage</a> and omnichannel enterprise software to businesses across industries in <a href="/wiki/India" title="India">India</a> and globally.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>Through its flagship brand, CCAvenue, the business is present in the payment infrastructure market, processing more than <a href="/wiki/United_States_dollar" title="United States dollar">US$</a>86 <a href="/wiki/Billion" title="Billion">billion</a> in online payments.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> Infibeam Avenues claims to have more than 10 million merchants on its platform. It also operates in overseas markets like the <a href="/wiki/United_States" title="United States">United States</a>, <a href="/wiki/Saudi_Arabia" title="Saudi Arabia">Saudi Arabia</a>, the <a href="/wiki/United_Arab_Emirates" title="United Arab Emirates">UAE</a>, and <a href="/wiki/Australia" title="Australia">Australia</a>.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>It is headquartered in <a href="/wiki/Gujarat_International_Finance_Tec-City" class="mw-redirect" title="Gujarat International Finance Tec-City">GIFT City</a>, <a href="/wiki/Gujarat" title="Gujarat">Gujarat</a>, India with offices in <a href="/wiki/Delhi" title="Delhi">Delhi</a>, <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a> and <a href="/wiki/Bengaluru" class="mw-redirect" title="Bengaluru">Bengaluru</a>.<sup id="cite_ref-S._Prem_Kumar_7-0" class="reference"><a href="#cite_note-S._Prem_Kumar-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Infibeam Avenues was established in 2007 by Vishal Mehta.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> The company was listed on the <a href="/wiki/BSE_SENSEX" title="BSE SENSEX">BSE</a> and the <a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a> in 2016. </p><p>It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – <a href="/wiki/Government_e_Marketplace" title="Government e Marketplace">GeM</a> and <a href="/wiki/JioMart" title="JioMart">JioMart</a>.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-IT_10-0" class="reference"><a href="#cite_note-IT-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>On 7 September 2022, Infibeam Avenues launched its omni-channel mobile app CCAvenue TapPay that allows businesses and entrepreneurs to convert any NFC-enabled <a href="/wiki/Android_(operating_system)" title="Android (operating system)">Android phone</a> into smart PoS terminals.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>In August 2024, Infibeam Avenues Ltd. acquired a 54.1% stake in internet business firm <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com India Ltd.</a> Post-acquisition, Rediff.com became a subsidiary of Infibeam Avenues.<sup id="cite_ref-TBL_12-0" class="reference"><a href="#cite_note-TBL-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p><p>Vishal Mehta, the founder of Infibeam, has assumed the role of Chairman and Managing Director of <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>. He succeeds <a href="/wiki/Ajit_Balakrishnan" title="Ajit Balakrishnan">Ajit Balakrishnan</a>, who has directed the corporation since its inception in 1996. The leadership transition occurs subsequent to Infibeam Avenues Ltd's acquisition of a controlling interest in <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Services">Services</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=2" title="Edit section: Services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Payment_Processing">Payment Processing</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=3" title="Edit section: Payment Processing"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Infibeam provides a digital payment gateway service through CCAvenue. The CCAvenue Payment Gateway offers multiple payment options, supports 18 different languages, and facilitates transactions in 27 major foreign currencies. It also establishes a secure link between websites, institutions, and banks during transactions. </p><p>CCAvenue's 'TokenPay' help merchants to comply with the <a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a>'s data security norms by securing multi-network tokenisation, which works across major card networks, including <a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a>, <a href="/wiki/RuPay" title="RuPay">RuPay</a>, and <a href="/wiki/Visa_Inc." title="Visa Inc.">Visa</a>.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>The Reserve Bank of India had granted Infibeam Avenues "in-principle" authorisation to operate as a Payment Aggregator (PA) under the brand CCAvenue, to allow a wide range of online and offline transactions. Payment aggregators allow e-commerce platforms and merchants to accept a variety of payment methods from customers, simplifying the payment process and removing the need for merchants to design their own payment integration system.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> </p><p>The <a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a> has granted Infibeam Avenues Limited, India's first publicly traded fintech startup, a permanent licence for its bill payments platform, BillAvenue. BillAvenue can use this licence to operate as a Bharat Bill Payment Operating Unit (BBPOU) under the Bharat Bill Payment System (BBPS). BillAvenue functions as both a biller and a customer operating unit as a BBPOU, easing the onboarding of Billers and Agent Institutions to service clients.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Merchants_Financing/Lending"><span id="Merchants_Financing.2FLending"></span>Merchants Financing/Lending</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=4" title="Edit section: Merchants Financing/Lending"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Infibeam Avenue has a lending aggregation platform called Trust Avenue. The company has facilitated AI-based lending for 3 million merchants through partnerships with banks and NBFCs.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Enterprise_ecommerce_software_platform">Enterprise ecommerce software platform</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=5" title="Edit section: Enterprise ecommerce software platform"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Infibeam Avenues' enterprise ecommerce software platform BuildaBazaar hosts India's largest online marketplace for government procurement. The company also entered into a definitive agreement with <a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a> to offer its enterprise software licence and enterprise digital payments platform to Jio Platforms and its associates for their internal businesses.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> </p><p>On November 20, 2017, Infibeam Avenues launched BillAvenue, an inter-operable digital bill payments platform built over the Bharat Bill Payment System (BBPS) infrastructure to enable service providers to accept bill payments from customers nationwide, through both online and offline channels.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Data_Centre_infrastructure_services">Data Centre infrastructure services</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=6" title="Edit section: Data Centre infrastructure services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company forayed into the segment of infrastructure or data centre-as-a-service, and built a state-of-the-art Tier-III data centre in GIFT City, <a href="/wiki/Gandhinagar" title="Gandhinagar">Gandhinagar</a>. It received Tier-III design certification from Uptime Institute as it is equipped with fully redundant and dual-powered servers, storage, network links and other IT components.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> Infibeam Avenues has partnered with IBM India to develop implement and promote blockchain capabilities on the LinuxOne platform.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Artificial_Intelligence">Artificial Intelligence</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=7" title="Edit section: Artificial Intelligence"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Infibeam Avenues announced its entry into the AI-enabled fraud detection industry on August 8, 2023, with the goal of developing Artificial Intelligence (AI) solutions for authentication, fraud detection, and risk identification in both domestic and worldwide markets. In the beginning, the company will focus on the digital payments and financial industries, employing AI and machine learning algorithms to detect online transaction fraud in real time. Infibeam Avenues also intends to build India's first AI HUB at GIFT City.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Mergers_&_Acquisitions"><span id="Mergers_.26_Acquisitions"></span>Mergers & Acquisitions</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=8" title="Edit section: Mergers & Acquisitions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <table class="wikitable"> <tbody><tr> <th>Year</th> <th>Type</th> <th>Company Name</th> <th>Notes</th> <th>Valuation/Stake</th> <th>Cites </th></tr> <tr> <td>2024</td> <td>Acquisition</td> <td><a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a></td> <td>Rediff.com is a Mumbai-based internet company, founded in 1996. It provides news and information, enterprise email services and an online digital marketplace.</td> <td>54% acquired</td> <td><sup id="cite_ref-TBL_12-1" class="reference"><a href="#cite_note-TBL-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2024</td> <td>Investment</td> <td>XDuce</td> <td>XDuce is an enterprise app and AI development company that specialises in building AI solutions for businesses to optimise their internal operations and customer-facing systems.</td> <td>20% acquired</td> <td><sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2023</td> <td>Investment</td> <td>Pirimid Fintech</td> <td>Pirimid Fintech is a capital markets financial software provider. The company develops customised capital markets and digital lending products, tools, and services to meet the industry's needs, globally.</td> <td>49% acquired</td> <td><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2022</td> <td>Investment</td> <td>Vishko22</td> <td>Vishko22 is a software startup that develops omnichannel enterprise software products and services for domestic and international ecommerce marketplaces.</td> <td>Acquired 50% stake</td> <td><sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2022</td> <td>Acquisition</td> <td>SoftPOS</td> <td>SoftPOS startup Uvik Technologies</td> <td>Rs 75 crore</td> <td><sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2020</td> <td>Acquisition</td> <td>Cardpay Technologies Ltd.</td> <td>Bengaluru-based Cardpay Technologies provides unified spend management platform to corporates</td> <td>NA</td> <td><sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2018</td> <td>Acquisition</td> <td>Instant Global Paytech Pvt. Ltd (IGPL)</td> <td>Mumbai-based digital payments tech firm Instant Global Paytech Pvt. Ltd (IGPL), which operates Go Payments</td> <td>Acquired 48% stake</td> <td><sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2017</td> <td>Merger</td> <td>CCAvenue</td> <td>Infibeam and Avenues (India) Private Limited entered into a binding agreement to merge and take control of CCAvenue through Equity Stake</td> <td>NA</td> <td><sup id="cite_ref-tc_32-0" class="reference"><a href="#cite_note-tc-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2017</td> <td>Acquisition</td> <td>DRC Systems India Pvt Ltd</td> <td>Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company which provides software services for enterprise E-commerce, ERP and related fields</td> <td>MoU</td> <td><sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2014</td> <td>Acquisition</td> <td>Odigma</td> <td>Infibeam acquired Odigma, a digital marketing company</td> <td>$5 million</td> <td><sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Partnership">Partnership</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=9" title="Edit section: Partnership"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <table class="wikitable"> <tbody><tr> <th>Year</th> <th>Type</th> <th>Company Name</th> <th>Notes</th> <th>Status</th> <th>Cites </th></tr> <tr> <td>2024</td> <td>MoU</td> <td><a href="/wiki/Entrepreneurship_Development_Institute_of_India" title="Entrepreneurship Development Institute of India">Entrepreneurship Development Institute of India</a></td> <td>(MoU) aims to accelerate the adoption of Artificial Intelligence (AI) across enterprises, start-ups, and MSMEs.</td> <td>Active</td> <td><sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2024</td> <td>MoU</td> <td><a href="/wiki/Government_of_Gujarat" title="Government of Gujarat">Government of Gujarat</a></td> <td>Infibeam Avenues Ltd has signed a Memorandum of Understanding (MoU) with Gujarat government for a proposed investment of ₹2,000 crore in its Artificial Intelligence (AI) Hub at GIFT City by financial year 2030.</td> <td>In Progress</td> <td><sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2020</td> <td>License deal</td> <td><a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a></td> <td>The company signed a deal to license its e-commerce and payment software with <a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a>, <a href="/wiki/Reliance_Jio" class="mw-redirect" title="Reliance Jio">Reliance Jio</a>'s digital platform venture</td> <td>Active</td> <td><sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2020</td> <td>Agreement</td> <td><a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase Bank</a></td> <td>Infibeam Avenues entered into a definitive agreement with <a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase Bank</a> to use the company's flagship enterprise payment platform CCAvenue for processing transactions for its enterprise clients</td> <td>Active</td> <td><sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2020</td> <td>Partnership</td> <td>Bank Dhofar SAOG</td> <td>Infibeam Avenues partnered with Oman's Bank Dhofar SAOG to provide CCAvenue payment gateway service to process online card transactions of various payment networks for Bank Dhofar SAOG and help the bank authorize online payments for its customers</td> <td>Active</td> <td><sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2020</td> <td>Partnership</td> <td><a href="/wiki/Bank_Muscat" title="Bank Muscat">Bank Muscat</a></td> <td>Infibeam Avenues collaborated with <a href="/wiki/Bank_Muscat" title="Bank Muscat">Bank Muscat</a>, a financial services provider in the Sultanate of <a href="/wiki/Oman" title="Oman">Oman</a></td> <td>Active</td> <td><sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2019</td> <td>Partnership</td> <td><a href="/wiki/Riyad_Bank" title="Riyad Bank">Riyad Bank</a></td> <td>Infibeam Avenues partnered with <a href="/wiki/Riyad_Bank" title="Riyad Bank">Riyad Bank</a> for digital payments services</td> <td>Active</td> <td><sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup> </td></tr> <tr> <td>2017</td> <td>Contract</td> <td><a href="/wiki/Government_e_Marketplace" title="Government e Marketplace">Government e Marketplace</a></td> <td>Infibeam Avenues along with consortium partners entered a contract for managed service provider from the Government of India to design, develop, implement, operate and maintain the Government e-Marketplace portal (GeM)</td> <td>Active</td> <td><sup id="cite_ref-IT_10-1" class="reference"><a href="#cite_note-IT-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Awards_and_recognition">Awards and recognition</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=10" title="Edit section: Awards and recognition"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>ET BFSI Excellence Awards 2022<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Infibeam&action=edit&section=11" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-eti-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-eti_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-eti_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription 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href="https://economictimes.indiatimes.com/small-biz/startups/infibeam-acquires-cloud-erp-solutions-provider-drc-systems/articleshow/57447323.cms">"Infibeam acquires cloud ERP solutions provider DRC Systems"</a>. <i>The Economic Times</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Infibeam+acquires+cloud+ERP+solutions+provider+DRC+Systems&rft.aulast=Dutta&rft.aufirst=Vishal&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fsmall-biz%2Fstartups%2Finfibeam-acquires-cloud-erp-solutions-provider-drc-systems%2Farticleshow%2F57447323.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-34"><span class="mw-cite-backlink"><b><a href="#cite_ref-34">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.business-standard.com/article/companies/infibeam-acquires-digital-marketing-firm-odigma-for-5-mn-114022401201_1.html">"Infibeam acquires digital marketing firm ODigMa for $5 mn"</a>. <i>Business Standard India</i>. 24 February 2014.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Business+Standard+India&rft.atitle=Infibeam+acquires+digital+marketing+firm+ODigMa+for+%245+mn&rft.date=2014-02-24&rft_id=https%3A%2F%2Fwww.business-standard.com%2Farticle%2Fcompanies%2Finfibeam-acquires-digital-marketing-firm-odigma-for-5-mn-114022401201_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-35"><span class="mw-cite-backlink"><b><a href="#cite_ref-35">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://theprint.in/economy/edii-and-infibeam-avenues-ltd-partner-to-revolutionise-ai-adoption-for-enterprises-msmes-start-ups/2144683/">"EDII and Infibeam Avenues Ltd partner to revolutionise AI adoption for enterprises, MSMEs, start-ups"</a>. <i>ThePrint</i>. 24 June 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=ThePrint&rft.atitle=EDII+and+Infibeam+Avenues+Ltd+partner+to+revolutionise+AI+adoption+for+enterprises%2C+MSMEs%2C+start-ups&rft.date=2024-06-24&rft_id=https%3A%2F%2Ftheprint.in%2Feconomy%2Fedii-and-infibeam-avenues-ltd-partner-to-revolutionise-ai-adoption-for-enterprises-msmes-start-ups%2F2144683%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-36"><span class="mw-cite-backlink"><b><a href="#cite_ref-36">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNair2024" class="citation web cs1">Nair, Avinash (9 January 2024). <a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/info-tech/infibeam-avenues-ltd-signs-2000-cr-mou-with-gujarat-govt/article67722560.ece">"Infibeam Avenues Ltd signs ₹2,000-cr MoU with Gujarat govt"</a>. <i>BusinessLine</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=BusinessLine&rft.atitle=Infibeam+Avenues+Ltd+signs+%E2%82%B92%2C000-cr+MoU+with+Gujarat+govt&rft.date=2024-01-09&rft.aulast=Nair&rft.aufirst=Avinash&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Finfo-tech%2Finfibeam-avenues-ltd-signs-2000-cr-mou-with-gujarat-govt%2Farticle67722560.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-37"><span class="mw-cite-backlink"><b><a href="#cite_ref-37">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/markets/stocks/news/infibeam-avenues-signs-deal-to-license-ecommerce-and-payment-software-to-jio-platforms/articleshow/78498722.cms">"Infibeam Avenues signs deal to license ecommerce and payment software to Jio Platforms"</a>. <a href="/wiki/The_Economic_Times" title="The Economic Times">The Economic Times</a>. 5 October 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">11 October</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Infibeam+Avenues+signs+deal+to+license+ecommerce+and+payment+software+to+Jio+Platforms&rft.date=2020-10-05&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fmarkets%2Fstocks%2Fnews%2Finfibeam-avenues-signs-deal-to-license-ecommerce-and-payment-software-to-jio-platforms%2Farticleshow%2F78498722.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-38"><span class="mw-cite-backlink"><b><a href="#cite_ref-38">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMarket2020" class="citation news cs1">Market, Capital (14 October 2020). <a rel="nofollow" class="external text" href="https://www.business-standard.com/article/news-cm/infibeam-avenues-rises-on-signing-agreement-with-jp-morgan-120101400800_1.html">"Infibeam Avenues rises on signing agreement with JP Morgan"</a>. <i>Business Standard India</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Standard+India&rft.atitle=Infibeam+Avenues+rises+on+signing+agreement+with+JP+Morgan&rft.date=2020-10-14&rft.aulast=Market&rft.aufirst=Capital&rft_id=https%3A%2F%2Fwww.business-standard.com%2Farticle%2Fnews-cm%2Finfibeam-avenues-rises-on-signing-agreement-with-jp-morgan-120101400800_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-39"><span class="mw-cite-backlink"><b><a href="#cite_ref-39">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.financialexpress.com/industry/banking-finance/infibeam-avenues-inks-deal-with-omans-bank-dhofar-for-online-payments/2101513/">"Infibeam Avenues inks deal with Oman's Bank Dhofar for online payments"</a>. <i>The Financial Express</i>. 9 October 2020.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Financial+Express&rft.atitle=Infibeam+Avenues+inks+deal+with+Oman%27s+Bank+Dhofar+for+online+payments&rft.date=2020-10-09&rft_id=https%3A%2F%2Fwww.financialexpress.com%2Findustry%2Fbanking-finance%2Finfibeam-avenues-inks-deal-with-omans-bank-dhofar-for-online-payments%2F2101513%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-40"><span class="mw-cite-backlink"><b><a href="#cite_ref-40">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDave" class="citation news cs1">Dave, Sachin. <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/tech/startups/infibeam-enters-oman-e-commerce-market-ties-up-with-bank-muscat/articleshow/79383799.cms">"Infibeam enters Oman e-commerce market, ties up with Bank Muscat"</a>. <i>The Economic Times</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Infibeam+enters+Oman+e-commerce+market%2C+ties+up+with+Bank+Muscat&rft.aulast=Dave&rft.aufirst=Sachin&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Ftech%2Fstartups%2Finfibeam-enters-oman-e-commerce-market-ties-up-with-bank-muscat%2Farticleshow%2F79383799.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-41"><span class="mw-cite-backlink"><b><a href="#cite_ref-41">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDutta" class="citation news cs1">Dutta, Vishal. <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ccavenue-collaborates-with-riyad-bank-to-make-inroads-into-saudi-arabias-digital-payment-space/articleshow/71213181.cms">"Riyad Bank: CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment space"</a>. <i>The Economic Times</i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Riyad+Bank%3A+CCAvenue+collaborates+with+Riyad+Bank+to+make+inroads+into+Saudi+Arabia%27s+digital+payment+space&rft.aulast=Dutta&rft.aufirst=Vishal&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fsmall-biz%2Fstartups%2Fnewsbuzz%2Fccavenue-collaborates-with-riyad-bank-to-make-inroads-into-saudi-arabias-digital-payment-space%2Farticleshow%2F71213181.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"></span></span> </li> <li id="cite_note-42"><span class="mw-cite-backlink"><b><a href="#cite_ref-42">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" 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