Infibeam Avenues Announces Rights Issue to Fuel AI Innovation, Strengthen Subsidiary Growth, and Accelerate Strategic Expansion
Infibeam Avenues Limited (BSE: 539807, NSE: INFIBEAM), India’s leading digital payments and e-commerce technology platform, has announced a proposed rights issue of up to ₹700 crore, aimed at accelerating its growth across strategic technology and digital platforms.
The net proceeds from the issue will be primarily used to fund investments in its key subsidiaries—Infibeam Projects Management Pvt. Ltd., Nueromind Technologies Pvt. Ltd., and Rediff.com India Ltd.—as well as to support strategic acquisitions and general corporate purposes.
A substantial portion of the proceeds, approximately ₹294 crore, will be directed towards Nueromind Technologies for the development of advanced AI infrastructure and proprietary agentic AI platforms, including next-generation reasoning models. This investment will position the company at the forefront of applied artificial intelligence, particularly in fintech and enterprise automation.
Infibeam Projects Management will receive ₹69.84 crore to prepay outstanding loans, enhancing financial flexibility and reducing debt burden. Rediff.com India Ltd., acquired in 2024, will see an infusion of ₹87.66 crore to strengthen its digital and payment ecosystem, with focused spending on marketing, technology upgrades, and recruitment to re-establish Rediff as a modern AI-integrated digital brand.
In addition, Infibeam intends to deploy a portion of the proceeds towards potential acquisitions of emerging businesses and technologies aligned with its long-term vision. These may include proprietary platforms in AI, fraud analytics, data infrastructure, and conversational interfaces, both in India and overseas.
Infibeam Avenues Ltd. is one of the leading global financial technology (fintech) company offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company’s payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. The core Payment Gateway (PG) business provides over 200 plus payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies. Infibeam Avenues’ enterprise software platform hosts India’s largest online marketplace for government procurement. The company processed transaction worth INR 7 trillion (US$ 86 billion) in FY24. Company currently has over 10 million plus clients across digital payments and enterprise software platforms. The company’s vast clientele includes merchants, enterprises, corporations, governments, and financial institutions in both domestic (India) as well as international markets. Infibeam Avenues’ international operations are based in the United Arab Emirates, Australia, and the United States of America. We also have business presence in Oman working with three of the largest banks in the country.