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Infibeam Buys Majority Stake in Rediff
25 Jun
Summary
- Infibeam Avenue acquired a 54 percent stake in Rediff.com.
- The acquisition aims to expand Infibeam's digital financial services.
- Rediff.com offers services including news and commercial offerings.
Fintech company Infibeam Avenue has acquired a majority 54 percent stake in Rediff.com. This significant investment was made for an undisclosed amount and is poised to bolster Infibeam's expansion into consumer-facing digital financial services.
The acquisition will enable Infibeam to leverage Rediff.com's established news and business platform. Rediff.com serves over 5,000 corporate email clients and boasts a global traffic of over 55 million monthly visitors, providing valuable user insights.
Infibeam plans to integrate technologies and scale operations, strengthening its position in the competitive fintech market. This move is part of Infibeam's broader growth strategy to enhance its product offerings and market reach.
