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{{short description|Indian e-commerce website}} {{Short description|Indian financial technology company}}
{{Use dmy dates|date=March 2016}} {{Use dmy dates|date=March 2016}}
{{Use Indian English|date=November 2015}} {{Use Indian English|date=November 2015}}
{{Infobox company {{Infobox company
| name = Infibeam Avenues Limited | name = Infibeam Avenues Limited
| logo = Ia-infibeam-avenues.png | logo = Ia-infibeam-avenues.png
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| logo_alt = Infibeam logo | logo_alt = Infibeam logo
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| revenue = {{INR}}300 crores/{{INR}}3 billion<ref name="Umarji">{{cite news|last=Umarji|first=Vinay|title=Infibeam to foray into UAE market|url=http://www.business-standard.com/article/companies/infibeam-to-foray-into-uae-market-113110101033_1.html|access-date=6 November 2013|newspaper=Business Standard|date=1 November 2013}}</ref>
| founded = {{Start date and age|2007||}}
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| founder = Vishal Mehta
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'''Infibeam Avenues Limited''' is an ]n multinational financial technology company which offers enterprise digital payment solution globally under the brand name CCAvenue and enterprise e-commerce software platform ('marketplace') services to businesses across various industry verticals and government.<ref>{{cite web |last1=Dutta |first1=Vishal |title=Fintech firm Suvidhaa plans e-commerce foray |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/fintech-firm-suvidhaa-plans-e-commerce-foray/articleshow/70732595.cms |website=] |date=19 August 2019}}</ref><ref>{{cite web |title=Migration Message |url=https://www.suvideals.ooo/static/help/migration_message.pdf |website=Suvideals.ooo }}</ref> '''Infibeam Avenues Limited''' is an ] ] company that provides digital payment services, ], digital lending, data ] and omnichannel enterprise software to businesses across industries in ] and globally.<ref>{{cite web |last1=Dutta |first1=Vishal |title=Fintech firm Suvidhaa plans e-commerce foray |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/fintech-firm-suvidhaa-plans-e-commerce-foray/articleshow/70732595.cms |website=] |date=19 August 2019}}</ref><ref>{{cite web |title=Migration Message |url=https://www.suvideals.ooo/static/help/migration_message.pdf |website=Suvideals.ooo }}</ref><ref>{{cite web |title=Infibeam's BillAvenue adds 1 million agents; targets reaching 5 million agents by 2025 |url=https://economictimes.indiatimes.com/industry/services/retail/infibeams-billavenue-adds-1-million-agents-targets-reaching-5-million-agents-by-2025/articleshow/98455217.cms |website=The Economic Times |date=6 March 2023}}</ref>


Through its flagship brand, CCAvenue, the business is present in the payment infrastructure market, processing more than {{currency|86|USD}} ] in online payments.<ref>{{cite web |title=Infibeam Avenues Unveils CCAvenue SoundBox Max, A Next-Generation Payment Solution for Merchants - Indian Startup Times |url=https://indianstartuptimes.com/news/infibeam-avenues-unveils-ccavenue-soundbox-max-a-next-generation-payment-solution-for-merchants/ |website=Indianstartuptimes |date=3 September 2024}}</ref> Infibeam Avenues claims to have more than 10 million merchants on its platform. It also operates in overseas markets like the ], ], the ], and ].<ref>{{cite web |title=Infibeam Avenues Ltd deepens its reach in digital payments |url=https://www.equitybulls.com/category.php?id=324843 |website=EquityBulls |date=4 January 2023}}</ref>
== History ==
===Background===
Infibeam Avenues Limited, formerly known as Infibeam Incorporation Limited was founded in 2007 by Vishal Mehta and is headquartered in Gift City Gandhinagar, India with offices in Delhi, Mumbai and Bengaluru.<ref>{{cite web|last=S. Prem Kumar|title=Infibeam's double-edged strategy|url=http://www.thesmartceo.in/magazine/growth-enterprise/infibeams-double-edged-strategy.html|publisher=The Smart CEO|access-date=29 April 2013}}</ref> The company was started with an initial capital of {{INR}}100-150 million.<ref>{{cite news|last1=Suresh P. Iyengar|title=No competitors here, all are partners|url=http://www.thehindubusinessline.com/industry-and-economy/no-competitors-here-all-are-partners/article5207103.ece|access-date=8 December 2014|publisher=The Hindu Business Line|date=6 October 2013}}</ref> The Company started with online marketplace and expanded into software enabling services in 2011. Infibeam Avenues limited became India’s first listed E-commerce Company on Indian Stock Exchange in 2016. In 2014, Infibeam Avenues launched new generic top level domain (]). The Company become first internet registry in India to launch a generic, top-level domain ‘dot triple O’.<ref name='toi'>{{cite news |title=Ahmedabad firm introduces DOT TRIPPLE O power domain for internet - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/Ahmedabad-firm-introduces-DOT-TRIPPLE-O-power-domain-for-internet/articleshow/43535537.cms |work=The Times of India |language=en}}</ref> In 2017, post Avenues India Pvt limited merger, Infibeam Avenues Limited to enter into Fintech space and today Infibeam Avenues is one of the leading Enterprise Digital Payment Solution provider companies in India and Middle East under the brand name CCAvenue. Infibeam Avenues limited partnered and contracted with JPL and its affiliates to license its Enterprise Ecommerce Software Platform and Enterprise Digital Payment Platform, for their internal businesses. .<ref>{{cite web|last=Pahwa|first=Nikhil|title=Confirmed: Infibeam Acquires Picsquare.com|url=http://www.medianama.com/2008/11/223-confirmed-infibeam-acquires-picsquarecom/|work=MediaNama|access-date=29 April 2013}}</ref><ref>{{cite news|title=India gets 2nd e-book reader Wink XTS|url=http://timesofindia.indiatimes.com/business/india-business/India-gets-2nd-e-book-reader-Wink-XTS/articleshow/6358386.cms|access-date=18 January 2017|newspaper=The Times of India|date=20 August 2010}}</ref>


It is headquartered in ], ], India with offices in ], ] and ].<ref name="S. Prem Kumar">{{cite web|last=S. Prem Kumar|title=Infibeam's double-edged strategy|url=http://www.thesmartceo.in/magazine/growth-enterprise/infibeams-double-edged-strategy.html|publisher=The Smart CEO|access-date=29 April 2013}}</ref>
== Businesses ==


=== Digital Payments === == History ==
Infibeam Avenues was established in 2007 by Vishal Mehta.<ref>{{cite news|last1=Suresh P. Iyengar|title=No competitors here, all are partners|url=http://www.thehindubusinessline.com/industry-and-economy/no-competitors-here-all-are-partners/article5207103.ece|access-date=8 December 2014|publisher=The Hindu Business Line|date=6 October 2013}}</ref> The company was listed on the ] and the ] in 2016.
In 2016, Avenues India Pvt Ltd merged with Infibeam to enter into fintech segment. Infibeam Avenues limited offer Enterprise Digital Payment Solution under the brand name CCAvenue to banks and enterprise clients in India and the United Arab Emirates, Kingdom of Saudi Arabia, The United States of America, internationally. CCAvenue is a PCI DSS 3.2.1 compliant payment gateway platform offering merchants with over 240 payment options including net-banking.<ref name='TC'/> CCAvenue was founded in 2001 by Vishwas Patel who has been appointed as Executive Director of Infibeam Avenues.<ref>{{Cite web|title=Over 50% Of Indians Opted For Online Mobile Recharges In 2020 Due To Covid-19 Pandemic|url=https://www.moneycontrol.com/news/trends/over-50-of-indians-opted-for-online-mobile-recharges-in-2020-due-to-covid-19-pandemic-6294821.html|access-date=2021-01-21|website=Moneycontrol}}</ref>


It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – ] and ].<ref>{{cite web |title=Infibeam enters into an agreement with Reliance Jio for its enterprise solutions |url=https://www.moneycontrol.com/news/business/infibeam-enters-into-an-agreement-with-reliance-jio-for-its-enterprise-solutions-5925751.html |website=Moneycontrol |date=5 October 2020 |language=en}}</ref><ref name='IT'>{{cite news |last1=Suneja |first1=Kirtika |last2=Agarwal |first2=Surabhi |title=Intellect, Infibeam bag contract for government marketplace |url=https://economictimes.indiatimes.com/tech/ites/intellect-infibeam-bag-contract-for-government-marketplace/articleshow/59745255.cms |work=The Economic Times}}</ref>
=== Enterprise Ecommerce Software Platform ===
Infibeam Avenues' Enterprise Ecommerce Software Platform BuildaBazaar hosts India's largest online marketplace for government procurement.<ref name="Umarji" /><ref>{{cite news|last=Rohin Dharmakumar|title=How the Rise of Third Party Marketplaces can Alter Indian E-Commerce|url=http://forbesindia.com/article/real-issue/how-the-rise-of-third-party-marketplaces-can-alter-indian-ecommerce/35209/4|access-date=10 June 2013|newspaper=Forbes India|date=13 May 2013}}</ref> The Company also entered into definitive agreement with Jio Platform Limited to offer its Enterprise Software licence and Enterprise Digital Payments Platform to Jio Platforms and its associates for their internal businesses.<ref>{{cite news|title=TTK Prestige Announces e-Commerce Alliance with Infibeam.com|url=http://economictimes.indiatimes.com/cmpnewsdisp.cms?companyid=8711&newsid=334825|access-date=5 May 2013|newspaper=The Economic Times|date=21 January 2010}}</ref><ref>{{cite web|last=S. Prem Kumar|title=Infibeam's double-edged strategy|url=http://www.thesmartceo.in/magazine/growth-enterprise/infibeams-double-edged-strategy.html|work=The Smart CEO|access-date=4 May 2013}}</ref><ref>{{cite web|url=http://ecommwire.com/?id=42197 | title=Infibeam.com & NDTV Enter Into eCommerce Alliance |access-date=15 June 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110929032040/http://ecommwire.com/?id=42197 |archive-date=29 September 2011 }}</ref><ref>{{cite web|url=http://www.efytimes.com/e1/45601/fullnews.htm |title=Hidesign Website Uses Infibeam.com's Technology Platform |website=Efytimes.com |date=19 May 2010 |access-date=31 January 2016 |url-status=dead |archive-url=https://web.archive.org/web/20141006153736/http://www.efytimes.com/e1/45601/fullnews.htm |archive-date=6 October 2014 }}</ref>


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 enables service providers to accept bill payments from customers nation-wide, both through online and offline channel.<ref>{{cite news |title=Infibeam subsidiary Avenues India launches BillAvenue - ET Retail |url=https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/infibeam-subsidiary-avenues-india-launches-billavenue/61724316 |work=ETRetail.com |language=en}}</ref> On 7 September 2022, Infibeam Avenues launched its omni-channel mobile app CCAvenue TapPay that allows businesses and entrepreneurs to convert any NFC-enabled ] into smart PoS terminals.<ref>{{cite news |title=Infibeam Avenues launches mobile app with TapPay feature |url=https://economictimes.indiatimes.com/tech/technology/infibeam-avenues-launches-mobile-app-with-tappay-feature/articleshow/92578241.cms |website=The Economic Times|date=30 June 2022 }}</ref>


In August 2024, Infibeam Avenues Ltd. acquired a 54.1% stake in internet business firm ] Post-acquisition, Rediff.com became a subsidiary of Infibeam Avenues.<ref name="TBL">{{cite web |title=Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore |url=https://www.thehindubusinessline.com/info-tech/infibeam-avenues-acquires-541-stake-in-rediffcom-for-25-crore/article68477073.ece |website=BusinessLine |language=en |date=2 August 2024}}</ref>
===Data Centre Infrastructure Services===
The Company forayed into the segment of infrastructure or data centre-as-a-service and have built a state-of-the-art Tier – III data centre in Gift City, Gandhinagar. It has 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.<ref>{{cite web |last1=George |first1=Aaron St |title=Infibeam Avenues receives Tier III Design Certification from Uptime Institute for its Data Center - equitybulls.com |url=https://uptimeinstitute.com/tier-certification/overview/26-news-external/1351-infibeam-avenues-receives-tier-iii-design-certification-from-uptime-institute-for-its-data-center-equitybulls-com |website=uptimeinstitute.com |language=en-gb}}</ref> Infibeam Avenues has partnered with IBM India to develop implement and promote blockchain capabilities on the LinuxOne platform, the first of its kind in India.<ref>{{cite web |title=Infibeam Avenues Limited |url=https://www.ibm.com/case-studies/infibeam-journey-to-cloud |website=ibm.com |language=en-us}}</ref><ref>{{cite web |title=Infibeam Avenues partners with IBM to deploy blockchain solutions in India |url=https://www.techcircle.in/2018/12/21/infibeam-avenues-partners-with-ibm-to-deploy-blockchain-solutions-in-india/ |website=Techcircle |date=21 December 2018}}</ref>


Vishal Mehta, the founder of Infibeam, has assumed the role of Chairman and Managing Director of ]. He succeeds ], 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 ].<ref>{{cite web |title=Infibeam founder Vishal Mehta becomes Rediff’s new Chairman and Managing Director |url=https://www.businesstoday.in/technology/internet/story/infibeam-founder-vishal-mehta-becomes-rediffs-new-chairman-and-managing-director-448785-2024-10-04 |website=Business Today |language=en |date=4 October 2024}}</ref>
=== .OOO Registry Services ===
{{Main|.ooo}}
Infibeam Avenues launched ] ‘dot triple O’ or ‘]’ internet registry in India in 2014. This new GTLD ‘.OOO’ is aimed at providing alternate domain registration solutions to next generation businesses that were unable to locate their brand name or business names on popular domains.<ref>{{cite news|title=Infibeam to offer '.ooo' for '.com-savvy' netizens|url=http://www.thehindubusinessline.com/features/smartbuy/tech-news/infibeam-to-offer-ooo-for-comsavvy-netizens/article6438980.ece|access-date=29 September 2014|publisher=The Hindu Business Line|date=23 September 2014}}</ref><ref name='toi'/>


== Services ==
== Acquisitions and Partnership ==
=== Payment Processing ===
In November, 2020, Infibeam Avenues collaborated with ], a financial services provider in the Sultanate of Oman.<ref>{{cite news |last1=Dave |first1=Sachin |title=Infibeam enters Oman e-commerce market, ties up with Bank Muscat |url=https://economictimes.indiatimes.com/tech/startups/infibeam-enters-oman-e-commerce-market-ties-up-with-bank-muscat/articleshow/79383799.cms |work=The Economic Times}}</ref>
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.


CCAvenue's 'TokenPay' help merchants to comply with the ]'s data security norms by securing multi-network tokenisation, which works across major card networks, including ], ], and ].<ref>{{cite web |last1=Umarji |first1=Vinay |title=Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms |url=https://www.business-standard.com/article/markets/infibeam-s-ccavenue-starts-tokenpay-to-help-merchants-comply-with-rbi-norms-121110400347_1.html |website=Business-standard.com |language=en |date=4 November 2021}}</ref>
On October 14, 2020, Infibeam Avenues entered into definitive agreement with ] to use Company’s flagship enterprise payment platform CCAvenue for processing transactions of its enterprise clients.<ref>{{cite news |last1=Market |first1=Capital |title=Infibeam Avenues rises on signing agreement with JP Morgan |url=https://www.business-standard.com/article/news-cm/infibeam-avenues-rises-on-signing-agreement-with-jp-morgan-120101400800_1.html |work=Business Standard India |date=14 October 2020}}</ref> The company also signed a deal to license its e-commerce and payment software with ], ]'s digital platform venture.<ref>{{cite news |title=Infibeam Avenues signs deal to license ecommerce and payment software to Jio Platforms |url=https://economictimes.indiatimes.com/markets/stocks/news/infibeam-avenues-signs-deal-to-license-ecommerce-and-payment-software-to-jio-platforms/articleshow/78498722.cms |publisher=] |date=October 5, 2020|access-date=2020-10-11}}</ref> In 2017, Infibeam and its other partners received a contract to manage the Government e-Marketplace (GeM) portal.<ref>{{cite news |last1=Suneja |first1=Kirtika |last2=Agarwal |first2=Surabhi |title=Intellect, Infibeam bag contract for government marketplace |url=https://economictimes.indiatimes.com/tech/ites/intellect-infibeam-bag-contract-for-government-marketplace/articleshow/59745255.cms |publisher=] |date=July 25, 2017|access-date=2020-10-11}}</ref>


On October 9, 2020, Infibeam Avenues partnered with Oman’s Bank Dhofar SAOG to offer CCAvenue Payment Gateway Service to process online card transactions of various payment networks for Bank Dhofar SAOG and help the bank to authorise online payment for its customers.<ref>{{cite news |title=Infibeam Avenues inks deal with Oman’s Bank Dhofar for online payments |url=https://www.financialexpress.com/industry/banking-finance/infibeam-avenues-inks-deal-with-omans-bank-dhofar-for-online-payments/2101513/ |work=The Financial Express |date=9 October 2020}}</ref> 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.<ref>{{cite web |title=Infibeam Avenues receives RBI in-principle nod for payment aggregator licence |url=https://economictimes.indiatimes.com/tech/tech-bytes/infibeam-avenues-receives-rbis-in-principle-nod-for-payment-aggregator-licence/articleshow/95128521.cms |website=The Economic Times |date=27 October 2022}}</ref>


The ] 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.<ref>{{cite web |title=Infibeam Avenues announces perpetual renewal of 'Bharat Bill Payment' license by RBI |url=https://www.cnbctv18.com/personal-finance/infibeam-avenues-announces-perpetual-renewal-of-bharat-bill-payment-license-by-rbi-15511471.htm |website=cnbctv18.com |language=en |date=26 December 2022}}</ref>
In June 2020, Infibeam Avenues acquired Bengaluru-based Cardpay Technologies Ltd.<ref>{{cite news |title=Infibeam Avenues acquires Cardpay Technologies |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/infibeam-avenues-acquires-cardpay-technologies/articleshow/76257531.cms |work=The Economic Times}}</ref>


=== Merchants Financing/Lending ===
In August 2019, Infibeam Avenues partnered with ] for digital payments solution and with this the company has made inroads into Saudi Arabia’s digital payment space.<ref>{{cite news |last1=Dutta |first1=Vishal |title=Riyad Bank: CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment space |url=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 |work=The Economic Times}}</ref>
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.<ref>{{cite web |title=Infibeam Avenues plans AI-based lending for its 3 million merchants through tie-ups with banks, NBFCs |url=https://www.financialexpress.com/industry/sme/msme-fin-infibeam-avenues-plans-ai-based-lending-for-its-3-million-merchants-through-tie-ups-with-banks-nbfcs/2308072/ |website=Financialexpress |date=10 August 2021 |language=en}}</ref>


=== Enterprise ecommerce software platform ===
In December 2018, Infibeam Avenues invested to take 48% stake in Mumbai-based digital payments tech firm Instant Global Paytech Pvt. Ltd (IGPL), which operates Go Payments.<ref>{{cite news |title=Infibeam Avenues invests in Instant Global Paytech |url=https://www.businesstoday.in/pti-feed/infibeam-avenues-invests-in-instant-global-paytech/story/296938.html |work=www.businesstoday.in}}</ref>
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 ] to offer its enterprise software licence and enterprise digital payments platform to Jio Platforms and its associates for their internal businesses.<ref>{{cite news|title=TTK Prestige Announces e-Commerce Alliance with Infibeam.com|url=http://economictimes.indiatimes.com/cmpnewsdisp.cms?companyid=8711&newsid=334825|access-date=5 May 2013|newspaper=The Economic Times|date=21 January 2010}}</ref><ref>{{cite web|url=http://ecommwire.com/?id=42197 | title=Infibeam.com & NDTV Enter Into eCommerce Alliance |access-date=15 June 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110929032040/http://ecommwire.com/?id=42197 |archive-date=29 September 2011 }}</ref><ref>{{cite web|url=http://www.efytimes.com/e1/45601/fullnews.htm |title=Hidesign Website Uses Infibeam.com's Technology Platform |website=Efytimes.com |date=19 May 2010 |access-date=31 January 2016 |url-status=dead |archive-url=https://web.archive.org/web/20141006153736/http://www.efytimes.com/e1/45601/fullnews.htm |archive-date=6 October 2014 }}</ref>


In March 2017, Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company engaged in the business of providing software solutions for enterprise E-commerce, ERP and related solutions.<ref>{{cite news |last1=Dutta |first1=Vishal |title=Infibeam acquires cloud ERP solutions provider DRC Systems |url=https://economictimes.indiatimes.com/small-biz/startups/infibeam-acquires-cloud-erp-solutions-provider-drc-systems/articleshow/57447323.cms |work=The Economic Times}}</ref> 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.<ref>{{cite news |title=Infibeam subsidiary Avenues India launches BillAvenue - ET Retail |url=https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/infibeam-subsidiary-avenues-india-launches-billavenue/61724316 |work=ETRetail.com |language=en}}</ref>


===Data Centre infrastructure services===
In March 2017, Infibeam Avenues and Avenues (India) Private Limited entered into binding agreement to merge and take control of CCAvenue through Equity Stake.<ref name='TC'>{{cite web |title=Infibeam set to merge payment gateway firm CCAvenue with itself |url=https://www.techcircle.in/2017/02/14/infibeam-set-to-merge-payment-gateway-firm-ccavenue-with-itself/ |website=Techcircle |date=14 February 2017}}</ref>
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, ]. 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.<ref>{{cite web |last1=George |first1=Aaron St |title=Infibeam Avenues receives Tier III Design Certification from Uptime Institute for its Data Center - equitybulls.com |url=https://uptimeinstitute.com/tier-certification/overview/26-news-external/1351-infibeam-avenues-receives-tier-iii-design-certification-from-uptime-institute-for-its-data-center-equitybulls-com |website=uptimeinstitute.com |language=en-gb}}</ref> Infibeam Avenues has partnered with IBM India to develop implement and promote blockchain capabilities on the LinuxOne platform.<ref>{{cite web |title=Infibeam Avenues Limited |url=https://www.ibm.com/case-studies/infibeam-journey-to-cloud |website=ibm.com |language=en-us}}</ref><ref>{{cite web |title=Infibeam Avenues partners with IBM to deploy blockchain solutions in India |url=https://www.techcircle.in/2018/12/21/infibeam-avenues-partners-with-ibm-to-deploy-blockchain-solutions-in-india/ |website=Techcircle |date=21 December 2018}}</ref>


===Artificial Intelligence===
In October 2017, Infibeam Avenues has entered into MoU with IL&FS Townships & Urban Assets Limited ("ITUAL") for undertaking and implementing projects in digital space and e-commerce for Central Government, various State Governments and Private Partners.<ref>{{cite web |title=Infibeam Incorporation shines 7% after signing MoU with IL&FS |url=https://www.indiainfoline.com/article/news-top-story/infibeam-incorporation-shines-7-after-signing-mou-with-il-fs-116102700813_1.html |website=www.indiainfoline.com |language=en}}</ref>
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.<ref>{{cite web |last1=Thathoo |first1=Chetan |title=Infibeam To Foray Into Fraud Detection Market With Its AI HUB In GIFT City |url=https://inc42.com/buzz/infibeam-avenues-to-foray-into-fraud-detection-market-with-its-ai-hub-in-gift-city/ |website=Inc42 Media |language=en |date=9 August 2023}}</ref>


== Mergers & Acquisitions ==
In July 2017, Infibeam Avenues along with consortium partners were rewarded contract for Managed Service Provider from Government of India to design, develop, implement, operate and maintain Government e-Marketplace portal “GeM”.<ref>{{cite news |last1=Suneja |first1=Kirtika |last2=Agarwal |first2=Surabhi |title=Intellect, Infibeam bag contract for government marketplace |url=https://economictimes.indiatimes.com/tech/ites/intellect-infibeam-bag-contract-for-government-marketplace/articleshow/59745255.cms |work=The Economic Times}}</ref>
{| class="wikitable"
|-
! Year !! Type !! Company Name !! Notes !! Valuation/Stake !! Cites
|-
| 2024 || Acquisition || ] || Rediff.com is a Mumbai-based internet company, founded in 1996. It provides news and information, enterprise email services and an online digital marketplace. || 54% acquired || <ref name="TBL"/>
|-
| 2024 || Investment || XDuce || 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. || 20% acquired || <ref>{{cite web |title=Infibeam Avenues Acquires 20% Stake In US-Based AI Development Company XDuce For $10 Mn |url=https://inc42.com/buzz/infibeam-avenues-acquires-20-stake-in-us-based-ai-development-company-xduce-for-10-mn/ |website=Inc42 Media |language=en |date=25 February 2024}}</ref>
|-
| 2023 || Investment || Pirimid Fintech || 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. || 49% acquired || <ref>{{cite web |title=Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech |url=https://www.business-standard.com/companies/news/infibeam-avenues-picks-up-49-stake-in-ahmedabad-based-pirimid-fintech-123121400853_1.html |website=Business Standard}}</ref>
|-
| 2022 || Investment || Vishko22 || Vishko22 is a software startup that develops omnichannel enterprise software products and services for domestic and international ecommerce marketplaces. || Acquired 50% stake || <ref>{{cite news |title=Infibeam Avenues invests in software startup Vishko22 |url=https://economictimes.indiatimes.com/tech/startups/infibeam-avenues-invests-in-software-startup-vishko22/articleshow/93784155.cms |website=The Economic Times|date=25 August 2022 }}</ref>
|-
| 2022 || Acquisition || SoftPOS || SoftPOS startup Uvik Technologies || Rs 75 crore || <ref>{{cite web |last1=Vora |first1=Rutam |title=Infibeam to bring technology that converts smartphones into 'payment terminals' |url=https://www.thehindubusinessline.com/info-tech/infibeam-to-bring-technology-that-converts-smartphones-into-payment-terminals/article64970669.ece |website=Thehindubusinessline.com |language=en |date=7 February 2022}}</ref>
|-
| 2020 || Acquisition || Cardpay Technologies Ltd. || Bengaluru-based Cardpay Technologies provides unified spend management platform to corporates || NA || <ref>{{cite news |title=Infibeam Avenues acquires Cardpay Technologies |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/infibeam-avenues-acquires-cardpay-technologies/articleshow/76257531.cms |website=The Economic Times|date=8 June 2020 }}</ref>
|-
| 2018 || Acquisition || Instant Global Paytech Pvt. Ltd (IGPL) || Mumbai-based digital payments tech firm Instant Global Paytech Pvt. Ltd (IGPL), which operates Go Payments || Acquired 48% stake || <ref>{{cite news|title=Infibeam Avenues invests in Instant Global Paytech|work=www.businesstoday.in|url=https://www.businesstoday.in/pti-feed/infibeam-avenues-invests-in-instant-global-paytech/story/296938.html}}</ref>
|-
| 2017 || Merger || CCAvenue || Infibeam and Avenues (India) Private Limited entered into a binding agreement to merge and take control of CCAvenue through Equity Stake || NA || <ref name='tc'>{{cite web|date=14 February 2017|title=Infibeam set to merge payment gateway firm CCAvenue with itself|url=https://www.techcircle.in/2017/02/14/infibeam-set-to-merge-payment-gateway-firm-ccavenue-with-itself/|website=Techcircle}}</ref>
|-
| 2017 || Acquisition || DRC Systems India Pvt Ltd || Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company which provides software services for enterprise E-commerce, ERP and related fields || MoU || <ref>{{cite news |last1=Dutta |first1=Vishal |title=Infibeam acquires cloud ERP solutions provider DRC Systems |url=https://economictimes.indiatimes.com/small-biz/startups/infibeam-acquires-cloud-erp-solutions-provider-drc-systems/articleshow/57447323.cms |work=The Economic Times}}</ref>
|-
| 2014 || Acquisition || Odigma || Infibeam acquired Odigma, a digital marketing company || $5 million || <ref>{{cite web |title=Infibeam acquires digital marketing firm ODigMa for $5 mn |url=https://www.business-standard.com/article/companies/infibeam-acquires-digital-marketing-firm-odigma-for-5-mn-114022401201_1.html |website=Business Standard India |date=24 February 2014}}</ref>
|}


== Awards and Recognition == == Partnership ==
{| class="wikitable"
*Best Digital Payment Processor India Digital Summit 2020, by IAMAI<ref>{{cite web |title=CCAvenue: CCAvenue awarded the 'Best Digital Payment Processor' at IAMAI's India Digital Summit 2020 |url=https://www.ccavenue.com/pr/CCAvenue-awarded-the-Best-Digital-Payment-Processor-at-IAMAIs-India-Digital-Summit-2020.jsp#:~:text=In%20recognition%20of%20its%20outstanding,Summit%202020%20presented%20by%20IAMAI. |website=www.ccavenue.com}}</ref>
|-
*In February 2018, Infibeam was ranked 418th in ] and Statista's FT1000 High Growth Companies Asia - Pacific 2018.<ref>{{Cite web|url=https://ig.ft.com/special-reports/ft-1000/asia-pacific/2018/|title=FT 1000: High-Growth Companies Asia-Pacific|website=ig.ft.com|language=en-GB|access-date=2018-06-14}}</ref>
! Year !! Type !! Company Name !! Notes !! Status !! Cites
*Most Innovative Payment Service Provider & Fastest Growing Online Payment Service Provider (U.A.E) International Finance Awards 2019.<ref>{{cite web |title=CCAvenue: CCAvenue wins 'Most Innovative Payment Service Provider' and 'Fastest Growing Online Payment Service Provider' accolades at the International Finance Awards |url=http://www.ccavenue.us/pr/CCAvenue-wins-Most-Innovative-Payment-Service-Provider-and-Fastest-Growing-Online-Payment-Service-Provider-accolades-at-the-International-Finance-Awards.jsp |website=www.ccavenue.us}}</ref>
|-
*Infibeam was conferred with Consumer Durable & E-Retail of the Year Award at E-Retail Award 2018 by Franchise India held on 16–17 April 2018 in JW Marriott Hotel, New Delhi.<ref>{{Cite web|url=https://www.indianretailer.com/congress/awards_winner.php|title=Indian Retail & eRetail Congress 2018|website=www.indianretailer.com|language=en|access-date=2018-06-18}}</ref>
| 2024 || MoU || ] || (MoU) aims to accelerate the adoption of Artificial Intelligence (AI) across enterprises, start-ups, and MSMEs. || Active || <ref>{{cite web |title=EDII and Infibeam Avenues Ltd partner to revolutionise AI adoption for enterprises, MSMEs, start-ups |url=https://theprint.in/economy/edii-and-infibeam-avenues-ltd-partner-to-revolutionise-ai-adoption-for-enterprises-msmes-start-ups/2144683/ |website=ThePrint |date=24 June 2024}}</ref>
|-
| 2024 || MoU || ] || 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. || In Progress || <ref>{{cite web |last1=Nair |first1=Avinash |title=Infibeam Avenues Ltd signs ₹2,000-cr MoU with Gujarat govt |url=https://www.thehindubusinessline.com/info-tech/infibeam-avenues-ltd-signs-2000-cr-mou-with-gujarat-govt/article67722560.ece |website=BusinessLine |language=en |date=9 January 2024}}</ref>
|-
| 2020 || License deal || ] || The company signed a deal to license its e-commerce and payment software with ], ]'s digital platform venture || Active || <ref>{{cite news|date=October 5, 2020|title=Infibeam Avenues signs deal to license ecommerce and payment software to Jio Platforms|publisher=]|url=https://economictimes.indiatimes.com/markets/stocks/news/infibeam-avenues-signs-deal-to-license-ecommerce-and-payment-software-to-jio-platforms/articleshow/78498722.cms|access-date=2020-10-11}}</ref>
|-
| 2020 || Agreement || ] || Infibeam Avenues entered into a definitive agreement with ] to use the company's flagship enterprise payment platform CCAvenue for processing transactions for its enterprise clients || Active || <ref>{{cite news|last1=Market|first1=Capital|date=14 October 2020|title=Infibeam Avenues rises on signing agreement with JP Morgan|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/infibeam-avenues-rises-on-signing-agreement-with-jp-morgan-120101400800_1.html}}</ref>
|-
| 2020 || Partnership || Bank Dhofar SAOG || 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 || Active || <ref>{{cite news|date=9 October 2020|title=Infibeam Avenues inks deal with Oman's Bank Dhofar for online payments|work=The Financial Express|url=https://www.financialexpress.com/industry/banking-finance/infibeam-avenues-inks-deal-with-omans-bank-dhofar-for-online-payments/2101513/}}</ref>
|-
| 2020 || Partnership || ] || Infibeam Avenues collaborated with ], a financial services provider in the Sultanate of ] || Active || <ref>{{cite news|last1=Dave|first1=Sachin|title=Infibeam enters Oman e-commerce market, ties up with Bank Muscat|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/infibeam-enters-oman-e-commerce-market-ties-up-with-bank-muscat/articleshow/79383799.cms}}</ref>
|-
| 2019 || Partnership || ] || Infibeam Avenues partnered with ] for digital payments services || Active || <ref>{{cite news |last1=Dutta |first1=Vishal |title=Riyad Bank: CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment space |url=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 |work=The Economic Times}}</ref>
|-
| 2017 || Contract || ] || 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) || Active || <ref name='IT'/>
|}

== Awards and recognition ==
*ET BFSI Excellence Awards 2022<ref>{{cite web |title=ETBFSI Excellence Awards: 32 winners who made a difference in BFSI sector celebrates with Abhinav Bindra - ET BFSI |url=https://bfsi.economictimes.indiatimes.com/news/industry/etbfsi-excellence-awards-32-winners-who-made-a-difference-in-bfsi-sector-celebrates-with-abhinav-bindra/98203719 |website=ETBFSI.com |language=en}}</ref>


== References == == References ==
{{reflist}} {{reflist}}

== External links ==
{{Portal|Books|Business and economics|India|Internet}}
* {{official website}}


{{authority control}} {{authority control}}
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Latest revision as of 11:20, 22 November 2024

Indian financial technology company

Infibeam Avenues Limited
Infibeam logo
Company typePublic
Traded asNSE: INFIBEAM
BSE: 539807
IndustryInternet, Fintech
Founded2007; 17 years ago (2007)
FounderVishal Mehta
HeadquartersGIFT City, Gandhinagar, India
Area servedIndia, Middle East, USA & Australia
Services
RevenueIncrease ₹3,171 crore (US$370 million)
Operating income ((FY23-24))
Net incomeIncrease ₹147 crore (US$17 million) ((FY23-24))
Number of employees650 (in 2022)
Websitehttps://www.ia.ooo/

Infibeam Avenues Limited is an Indian fintech company that provides digital payment services, eCommerce platforms, digital lending, data cloud storage and omnichannel enterprise software to businesses across industries in India and globally.

Through its flagship brand, CCAvenue, the business is present in the payment infrastructure market, processing more than US$86 billion in online payments. Infibeam Avenues claims to have more than 10 million merchants on its platform. It also operates in overseas markets like the United States, Saudi Arabia, the UAE, and Australia.

It is headquartered in GIFT City, Gujarat, India with offices in Delhi, Mumbai and Bengaluru.

History

Infibeam Avenues was established in 2007 by Vishal Mehta. The company was listed on the BSE and the NSE in 2016.

It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – GeM and JioMart.

On 7 September 2022, Infibeam Avenues launched its omni-channel mobile app CCAvenue TapPay that allows businesses and entrepreneurs to convert any NFC-enabled Android phone into smart PoS terminals.

In August 2024, Infibeam Avenues Ltd. acquired a 54.1% stake in internet business firm Rediff.com India Ltd. Post-acquisition, Rediff.com became a subsidiary of Infibeam Avenues.

Vishal Mehta, the founder of Infibeam, has assumed the role of Chairman and Managing Director of Rediff.com. He succeeds Ajit Balakrishnan, 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 Rediff.com.

Services

Payment Processing

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.

CCAvenue's 'TokenPay' help merchants to comply with the Reserve Bank of India's data security norms by securing multi-network tokenisation, which works across major card networks, including MasterCard, RuPay, and Visa.

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.

The Reserve Bank of India 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.

Merchants Financing/Lending

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.

Enterprise ecommerce software platform

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 Jio Platforms to offer its enterprise software licence and enterprise digital payments platform to Jio Platforms and its associates for their internal businesses.

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.

Data Centre infrastructure services

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, Gandhinagar. 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. Infibeam Avenues has partnered with IBM India to develop implement and promote blockchain capabilities on the LinuxOne platform.

Artificial Intelligence

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.

Mergers & Acquisitions

Year Type Company Name Notes Valuation/Stake Cites
2024 Acquisition Rediff.com Rediff.com is a Mumbai-based internet company, founded in 1996. It provides news and information, enterprise email services and an online digital marketplace. 54% acquired
2024 Investment XDuce 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. 20% acquired
2023 Investment Pirimid Fintech 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. 49% acquired
2022 Investment Vishko22 Vishko22 is a software startup that develops omnichannel enterprise software products and services for domestic and international ecommerce marketplaces. Acquired 50% stake
2022 Acquisition SoftPOS SoftPOS startup Uvik Technologies Rs 75 crore
2020 Acquisition Cardpay Technologies Ltd. Bengaluru-based Cardpay Technologies provides unified spend management platform to corporates NA
2018 Acquisition Instant Global Paytech Pvt. Ltd (IGPL) Mumbai-based digital payments tech firm Instant Global Paytech Pvt. Ltd (IGPL), which operates Go Payments Acquired 48% stake
2017 Merger CCAvenue Infibeam and Avenues (India) Private Limited entered into a binding agreement to merge and take control of CCAvenue through Equity Stake NA
2017 Acquisition DRC Systems India Pvt Ltd Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company which provides software services for enterprise E-commerce, ERP and related fields MoU
2014 Acquisition Odigma Infibeam acquired Odigma, a digital marketing company $5 million

Partnership

Year Type Company Name Notes Status Cites
2024 MoU Entrepreneurship Development Institute of India (MoU) aims to accelerate the adoption of Artificial Intelligence (AI) across enterprises, start-ups, and MSMEs. Active
2024 MoU Government of Gujarat 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. In Progress
2020 License deal Jio Platforms The company signed a deal to license its e-commerce and payment software with Jio Platforms, Reliance Jio's digital platform venture Active
2020 Agreement JPMorgan Chase Bank Infibeam Avenues entered into a definitive agreement with JPMorgan Chase Bank to use the company's flagship enterprise payment platform CCAvenue for processing transactions for its enterprise clients Active
2020 Partnership Bank Dhofar SAOG 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 Active
2020 Partnership Bank Muscat Infibeam Avenues collaborated with Bank Muscat, a financial services provider in the Sultanate of Oman Active
2019 Partnership Riyad Bank Infibeam Avenues partnered with Riyad Bank for digital payments services Active
2017 Contract Government e Marketplace 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) Active

Awards and recognition

  • ET BFSI Excellence Awards 2022

References

  1. ^ "Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24". The Economic Times. 16 May 2024.
  2. Dutta, Vishal (19 August 2019). "Fintech firm Suvidhaa plans e-commerce foray". The Economic Times.
  3. "Migration Message" (PDF). Suvideals.ooo.
  4. "Infibeam's BillAvenue adds 1 million agents; targets reaching 5 million agents by 2025". The Economic Times. 6 March 2023.
  5. "Infibeam Avenues Unveils CCAvenue SoundBox Max, A Next-Generation Payment Solution for Merchants - Indian Startup Times". Indianstartuptimes. 3 September 2024.
  6. "Infibeam Avenues Ltd deepens its reach in digital payments". EquityBulls. 4 January 2023.
  7. S. Prem Kumar. "Infibeam's double-edged strategy". The Smart CEO. Retrieved 29 April 2013.
  8. Suresh P. Iyengar (6 October 2013). "No competitors here, all are partners". The Hindu Business Line. Retrieved 8 December 2014.
  9. "Infibeam enters into an agreement with Reliance Jio for its enterprise solutions". Moneycontrol. 5 October 2020.
  10. ^ Suneja, Kirtika; Agarwal, Surabhi. "Intellect, Infibeam bag contract for government marketplace". The Economic Times.
  11. "Infibeam Avenues launches mobile app with TapPay feature". The Economic Times. 30 June 2022.
  12. ^ "Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore". BusinessLine. 2 August 2024.
  13. "Infibeam founder Vishal Mehta becomes Rediff's new Chairman and Managing Director". Business Today. 4 October 2024.
  14. Umarji, Vinay (4 November 2021). "Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms". Business-standard.com.
  15. "Infibeam Avenues receives RBI in-principle nod for payment aggregator licence". The Economic Times. 27 October 2022.
  16. "Infibeam Avenues announces perpetual renewal of 'Bharat Bill Payment' license by RBI". cnbctv18.com. 26 December 2022.
  17. "Infibeam Avenues plans AI-based lending for its 3 million merchants through tie-ups with banks, NBFCs". Financialexpress. 10 August 2021.
  18. "TTK Prestige Announces e-Commerce Alliance with Infibeam.com". The Economic Times. 21 January 2010. Retrieved 5 May 2013.
  19. "Infibeam.com & NDTV Enter Into eCommerce Alliance". Archived from the original on 29 September 2011. Retrieved 15 June 2011.
  20. "Hidesign Website Uses Infibeam.com's Technology Platform". Efytimes.com. 19 May 2010. Archived from the original on 6 October 2014. Retrieved 31 January 2016.
  21. "Infibeam subsidiary Avenues India launches BillAvenue - ET Retail". ETRetail.com.
  22. George, Aaron St. "Infibeam Avenues receives Tier III Design Certification from Uptime Institute for its Data Center - equitybulls.com". uptimeinstitute.com.
  23. "Infibeam Avenues Limited". ibm.com.
  24. "Infibeam Avenues partners with IBM to deploy blockchain solutions in India". Techcircle. 21 December 2018.
  25. Thathoo, Chetan (9 August 2023). "Infibeam To Foray Into Fraud Detection Market With Its AI HUB In GIFT City". Inc42 Media.
  26. "Infibeam Avenues Acquires 20% Stake In US-Based AI Development Company XDuce For $10 Mn". Inc42 Media. 25 February 2024.
  27. "Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech". Business Standard.
  28. "Infibeam Avenues invests in software startup Vishko22". The Economic Times. 25 August 2022.
  29. Vora, Rutam (7 February 2022). "Infibeam to bring technology that converts smartphones into 'payment terminals'". Thehindubusinessline.com.
  30. "Infibeam Avenues acquires Cardpay Technologies". The Economic Times. 8 June 2020.
  31. "Infibeam Avenues invests in Instant Global Paytech". www.businesstoday.in.
  32. "Infibeam set to merge payment gateway firm CCAvenue with itself". Techcircle. 14 February 2017.
  33. Dutta, Vishal. "Infibeam acquires cloud ERP solutions provider DRC Systems". The Economic Times.
  34. "Infibeam acquires digital marketing firm ODigMa for $5 mn". Business Standard India. 24 February 2014.
  35. "EDII and Infibeam Avenues Ltd partner to revolutionise AI adoption for enterprises, MSMEs, start-ups". ThePrint. 24 June 2024.
  36. Nair, Avinash (9 January 2024). "Infibeam Avenues Ltd signs ₹2,000-cr MoU with Gujarat govt". BusinessLine.
  37. "Infibeam Avenues signs deal to license ecommerce and payment software to Jio Platforms". The Economic Times. 5 October 2020. Retrieved 11 October 2020.
  38. Market, Capital (14 October 2020). "Infibeam Avenues rises on signing agreement with JP Morgan". Business Standard India.
  39. "Infibeam Avenues inks deal with Oman's Bank Dhofar for online payments". The Financial Express. 9 October 2020.
  40. Dave, Sachin. "Infibeam enters Oman e-commerce market, ties up with Bank Muscat". The Economic Times.
  41. Dutta, Vishal. "Riyad Bank: CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment space". The Economic Times.
  42. "ETBFSI Excellence Awards: 32 winners who made a difference in BFSI sector celebrates with Abhinav Bindra - ET BFSI". ETBFSI.com.
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