Online retailer, Infibeam is planning to raise funds Via IPO route, the Ahmedabad based ecommerce player is in plans to raise at least 20% of its valuation and is expected to be valued at Rs 2,500-3,000 Cr.
“We are seriously evaluating the IPO route to raise funds for domestic and international expansion, manpower and infrastructure enhancement,” Vishal Mehta, Founder & CEO, Infibeam said in a conversation with ET.
For the purpose, Infibeam has also appointed Axis Capital and Kotak Investment Bank its merchant bankers. The online retailer is expected to draft red herring prospectus with Sebi soon and will come out with the IPO within the next three quarters.
Last month, Sony Music Entertainment had acquired a strategic 26% in its subsidiary Infibeam Digital Entertainment Pvt Ltd (INDENT) and earlier this year, Infibeam had bought digital marketing company OdigMa for $5 Mn.
Apart from its B2C platform Infibeam.com, it also has a B2B platform called BuildaBazaar.com.