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Infibeam Avenues acquires Uvik Technologies

02 Mar 2022 Evaluate

Infibeam Avenues has acquired the payments focused Uvik Technologies for Rs 75 crore in a cash and stock deal. The said deal is strategic step for the company which will drive growth to the next level. Uvik is in the contactless payments space and has developed a technology that converts any smartphone into a payment device.

Infibeam Avenues is engaged in providing online retail services.

Peers
Company Name CMP
One97 Communications 1695.00
AvenuesAI 13.81
Billionbrains Garage 200.70
Moneyview 59.70
Pine Labs 165.10
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