Infibeam Avenues has finished raising ₹700 crore through a rights issue, as investors showed strong interest and the shares on offer were oversubscribed by 1.4 times. The issue offered existing shareholders a chance to buy about four new shares for each share they held, at ₹10 per share.
The company’s rights issue closed on July 11, 2025. The allotment of nearly 70 crore shares was approved by the board on July 15, 2025. Demand from a wide range of participants, including promoters, institutional, and retail investors, highlighted the market’s trust in Infibeam’s business plans.
The funds will go toward several projects:
- Expanding Phronetic.AI, Infibeam’s AI and video intelligence business.
- Building up RediffPay for UPI and other digital payments.
- Developing RediffOne, which is an enterprise platform for payments, AI, and e-commerce.
- Making strategic acquisitions to support its marketplace.
- Creating a network of data centers for edge compute across India.
Vishal Mehta, Chairman and Managing Director, said the backing from investors shows confidence in Infibeam’s digital payments and AI strategy. The money will help strengthen the company’s balance sheet and let it invest in new technology and growth.
In its latest quarter, Infibeam reported a 62% jump in revenue to ₹1,160.5 crore. Net profit went up slightly to ₹49.1 crore. The company processed payments worth ₹2.42 trillion during the quarter.
Infibeam is already known for its strong payment gateway business, and with the fresh funds, the company says it is ready to push new digital offerings and AI-powered services for customers in India and globally.
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