Startup story of INFIBEAM AVENTURES LIMITED
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Startup story of INFIBEAM AVENTURES LIMITED

Startup story of INFIBEAM AVENTURES LIMITED – Is a big giant group of companies and firms is an Indian Internet and e-commerce company. It is a leading digital e-commerce company that provides various services. As per the industry, their businesses are also called as  Infibeam Aventures Web Services(IWS) and these services are broadly categorized into 3 different categories, commonly called as PIP (Digital Payments, Infrastructure, and Platforms) which provides the services like digital payments, online retailing, e-commerce software, and internet services other facilities like it provides a comprehensive suite of web services, data center infrastructures m and provides solutions to merchants, enterprises, cooperation and government in both domestic as well as international markets to enable online businesses and e-commerce transactions in a safe and secure manner. Infibeam is listed on the National Stock Exchange and Bombay Stock Exchange of India.

The company was started in 2007, by a businessman in Gandhinagar, Gujarat with a very dedicated team while now it has expanded a lot, over 650 people are there in the team and have branches in Ahmedabad, Delhi, Mumbai, Bengaluru, giving international services at the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia. It became India’s first e-commerce company to file an Initial public offering (IPO), In July 2015.

Startup story of INFIBEAM AVENTURES LIMITED

At present, it is headed by Mr. Vishal Mehta as the Managing Director along with Mr. Vishwas Patel, director of Infibeam. Mr. Vishal Mehta is the founder of this company, he is a Cornell and MIT Solan alumnus, he worked with Dell and Amazon. He didn’t take any external financial support rather, he sold his personal assets initially to run this company. This started with the initial capital of about 150 million and later as started as a portal in 2007, it turned into an online retailer and launched ‘PI’ as India’s first e-book reader. 

Startup story of INFIBEAM AVENTURES LIMITED

Startup story of INFIBEAM AVENTURES LIMITED
Startup story of INFIBEAM AVENTURES LIMITED

At present, it provides services to more than 10,00,000 merchants with 240+ payment options and works with multiple currencies. Its businesses, include online retailing through flagship with ‘infibeam.com’, providing platform service through ‘buillabazaar.com’, and runs dhamaal.com and owns its own ebook reader.according to Forbes, the strategy of Infibeam was stated as “that seems to defy most standard models”, recently, accounted as a 10 billion INR in November 2013.

In 2008, Infibeam acquired a company named as Picsquare.com, a personalized photo printing website. In 2014, it acquired Odigma, a digital marketing company, for 5 million USD. In 2017, it signed a Memorandum of Understanding (MOU) to acquire DRC Systems, a provider of enterprise ERP solutions and customized software for e-commerce applications.

In 2017, Infibeam emerged with CCAVenue, India’s largest payment gateway by transactions, in a deal that valued the payment gateway at $289 million.

Startup story of INFIBEAM AVENTURES LIMITED

Lately, in May 2018 Infibeam Inc. acquired 100% shareholding of Vivian International Ltd. The deal was valued at $1.17 million, this made Vivian International a direct subsidiary of Infibeam Global EMEA FZ-LLC, a subsidiary of Infibeam Incorporation Ltd.

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Let us know more about this company in short details of its brand services in every field.

Digital Payments

CCAvenue is one of the largest digital payment platforms with operations in India. This payment gateway provides services to more than 100,000 merchants across the industry including online retail, education, hospitality, travel, and event management, amongst others.

Online retailing

Infibeam.com, its own online retail website, which sells books, electronics, and lifestyle products. The website has a selection of 12 million products across books, electronics, lifestyle, gifts, and media. In 2011, the company established Infibeam Logistics, its own logistics arm in major Indian cities. In September 2010, Infibeam was among Economic Times Top 5 Digital Brands in the e-commerce category Infibeam is the only authorized online seller of iPhones in India. 

E-commerce platform

Buildabazaar is a platform built by Infibeam with operations in India and MiddleEast. The company initially extended its e-commerce platform to build online stores for Hidesign. TTK Prestige and Crossword Bookstores and NDTV Shopping In 2011, the e-commerce platform was opened to everyone through Buildabazaar, which allows users to create their own web store. Buildabazaar was awarded ‘The Game-Changing Idea of The Year’ Award by The Economic Times at ET RETAIL AWARD 2014. The platform was launched in the mid-east region in 2014. It has 30,000 stores as of March 2015. The company announced in 2018, that its eCommerce business had achieved a break-even point and its consolidated net profit grew by 53%.

ThemeJungle

The theme store- ThemeJungle is a subsidiary of BuildaBazaar. It is a conglomerate of many themes brought under one roof by Infibeam. The website launched in January 2018 to support BuildaBazaar stores. It is a marketplace of various themes designed by professional designers. 

Music streaming platform

Infibeam Digital Entertainment (INDENT), a subsidiary of Infibeam established in 2012, builds Music Streaming and Download Platform solutions for Music Labels, Brands. In 2013, the company built Sony Music’s Jive HD streaming and downloading app embedded in Sony’s Xperia smartphones.

Digital marketing services

The company offers Digital Marketing Services through its subsidiary ODIGMA, which it acquired in 2014.

Logistics aggregation platform

ShipDroid, a logistics aggregation platform launched in January 2015, to provide uniformity of logistics services to small merchants across all courier partners. The platform covers 20,000 pin codes across 600 cities via modes of delivery such as surface, rail, or air mode are regular and expressways. 

E-book reader  – Infibeam Pi

In February 2010, Infibeam launched Pi, an e-book reader that uses E-ink ELectronic paper technology. Pi has a six-inch screen with an eight-level grayscale non-backlit display. The device has the capability to play music files, read word documents, and also supports 13 Indian languages. It has an internal memory of 512 MB, that can store 300 books and supports external memory up to 4 GB. The device, which is less than 10 millimeters (0.39 inches), weighs 180 grams (6.3 ounces).

Pi2

In 2011, Infibeam launched the second version of its e-book reader, Pi2.Pi2 is a touch screen device and has wireless connectivity. It has 2 GB of internal memory and expandable up to 32 GB through an external SD Card slot. They claim the battery power lasts up to 8,000 page reads. The company has over 500 thousand ebooks on its web store which readers can access from the reader to purchase e-books Infibeam followed the Pi2 with an Android tablet called Phi.

These all are the amazing  products and services which this company is serving to the nation and get a hug recognition at different platforms like  

Startup story of INFIBEAM AVENTURES LIMITED

Startup story of INFIBEAM AVENTURES LIMITED
Startup story of INFIBEAM AVENTURES LIMITED

In February 2018 Infibeam was ranked 418th in The Financial Times and Statista’s FT1000 High Growth Companies Asia – Pacific 2018.

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. At the same award function, Infibeam’s subsidiary CCAvenue was conferred with “Best Innovation in E-Commerce Payment”.

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