Infibeam

Zebi acqui-hires element42 to scale its blockchain engineering team

IBM working with agritech startups to pilot to new blockchain inventions

Germany has started consultation with industry to tap blockchain potential

Infinium contributes 10.51% of Infibeam’s consolidated turnover

Tradohub expects to strengthen its technical capabilities with IIL

Tradohub recorded 50% Y-o-Y growth in FY18

The deal was terminated as precedent conditions were not met

Infibeam had entered the acquisition agreement with Snapdeal in May

The acquisition deal was for $17.1 Mn

The company did not disclose the terms of the deal

To develop payment options for largely cash transacting users

Investment for research, expanding the IGPL team

After more than a two-year stint at social media company Facebook, Anand Chandrasekaran has quit the company

In less than six months of a stint as the president of Ahmedabad-headquartered Infibeam, Jason Kothari has left his role as President

Furniture and home products marketplace Pepperfry has realigned its core leadership team and appointed new personnel at senior positions

At Snapdeal Jason Kothari played an integral role in fighting off a takeover bid by Flipkart

Kothari’s exit comes soon after Infibeam Avenues’ stock crashed 71% in September

Kothari said he was leaving Infibeam as he needed to spend more time abroad for personal reasons

Infibeam Avenues witnessed a 71% fall in its share price on Friday due to rumours on social media platform WhatsApp

Infibeam has written to SEBI demanding action by the regulatory agency

Infibeam founder Vishal Mehta claimed that the company’s fundamentals are very robust and are getting stronger by the day

The stock collapsed as much as 73% before closing 71% lower at INR 58.45 on Friday (September 28) in Mumbai

A WhatsApp message circulating among traders raised concerns about the ecommerce company’s accounting practices

The company in voluntary clarification to BSE said it had always provided timely information and clarifications as sought by the Stock Exchanges

• Patanjali made social media platforms such as Google, Facebook, and Youtube take down defamatory content
• Infibeam has registered a 26% increase in revenues, thereby earning $13 Mn in Q1 FY 2019
• MakeMyTrip posted a net revenue of $137.4 Mn for the first fiscal quarter ending June 30, 2018

The loss incurred in Q1 FY2019 is more than 5x of $314K loss recorded in Q4 FY2018

Infibeam further registered a 26% increase in revenues, thereby earning $13 Mn (INR 91.3 Cr) in Q1 FY2019

the company showcased a net profit of INR 127.2 Mn for the corresponding quarter last year (Q1 FY2018)

Important Indian Startup News Stories Of The Week [09-14 July 2018]

11 Startup Funding Took Place In The Indian Startup Ecosystem This Week [2-7 July 2018]