India's first and only listed e-commerce company Infibeam Incorporation has gained 160 percent since its issue in April 2016. The company is also in focus of merger buzz with e-commerce giant Snapdeal.
In an interview with CNBC-TV18, Vishal Mehta, MD of Infibeam Incorporation spoke about the investment so far and future plans with respect to buying more stake.
Infibeam has received shareholder's approval for issue of warrants to Bennett Coleman at a price of Rs 1,375. The board approval for the issue had come in January. "With this new announcement, there is a lot of growth opportunities that we see in the company", Neeru Sharma, Director of Infibeam told CNBC-TV18.
Infibeam will soon provide online e-commerce platform services to Sears Holding, an American company that runs retail stores like Sears and Kmart. Infibeam Director Neeru Sharma says the deal is in line with the company's growth strategy.
In an interview to CNBC-TV18, Neeru Sharma, Director, Infibeam, talked about the deal and its prospects.
The investment amount will be a combination of both internal accruals and cash flow and will give returns of over 50 percent, says Vishal Mehta, the MD of Infibeam in an interview to CNBC-TV18.