Infibeam Incorporation inks MoU with ITUAL for implementing digital projects

Infibeam Incorporation has entered into a Memorandum of Understanding (MoU) with IL&FS Township & Urban Assets (ITUAL) for undertaking and implementing projects in digital space and e-commerce for Central Government, various State Governments and Private Partners.

Infibeam shall set up a Special Purpose Vehicle (SPV) which will be located at GIFT Two Building, GIFT City, Gandhinagar wherein Infibeam will provide its state-of-the-art technology and office premises for expanding and implementing digital projects that would be implemented by SPV. The said SPV will target indicative achievable revenue opportunity of Rs 1,250 crore over a period of 5 years starting from FY 2017-18.

Infibeam Incorporation is engaged in providing online retail services. It offers e-commerce marketplace and also provides cloud-based, modular, customizable and scalable technology platform, e-commerce infrastructure and logistics support for a diverse universe of merchants, products and services.