MoneyWorks4Me

Infibeam Incorporatio’s arm inks Term Sheet with CC Avenue

30 May 2016 Evaluate

NSI Infinium Global, a wholly owned subsidiary of Infibeam Incorporatio has signed a Term Sheet with Avenues [India] (CC Avenue) for investment of up to Rs 45 crore and it is in further discussion for signing of definitive agreement. The percentage of investment will be finalised in the definitive agreement.

Infibeam Incorporation is an e-commerce company which is primarily focused on developing an integrated and synergistic ecommerce business model. The company operates Infibeam Buildabazaar e-commerce marketplace, as well as Infibeam.com an e-retail site.

Peers
Company Name CMP
One97 Communications 1672.60
AvenuesAI 15.91
Billionbrains Garage 187.25
Pine Labs 176.65
Seshaasai Tech. 382.25
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