October 06, 2015
Infibeam to enter Capital Market

Infibeam Incorporation has been accorded approval to raise Rs. 450 crore through an IPO by SEBI and will become the 1st e-commerce company to be listed on Indian bourses. The company currently operates which is one of the popular e-commerce platformin India and is now focussing on developing ITES enabled virtual retail ecosystem.

The Company had recently filed DRAFT RED HERRING PROSPECTUS (DRHP) with Capital Market Regulator SEBI for a public issue in June 2015. As per the filed DRHP, the Company would utilise the IPO proceeds to shift its office to GIFT City and set up a cloud data centre. The proposed Data Centres will enable the company in advancement of its technology and also secure proprietary technology and confidential data of customers.

The Company plans to set-up a Tier III Data Centre to ensure the website’s reliability and availability. The IT equipment to be used in the DC will be dual powered which will also be compatible with the architectural requirement of its site. With the usage of big data analytics, the company will be able to improve the shopping experience of its consumers.






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