E-commerce company Infibeam Incorporation has agreed to provide the funding to online payment and e-commerce service Avenues India, already a strategic partner.
E-commerce company Infibeam Incorporation has agreed to invest Rs 600m ($8.8m) in Avenues India, the India-based operator of online payment platform CCAvenue, TechCircle has reported.
NSI Infinium Global, an Infibeam subsidiary, has definitively agreed on the investment, according to a securities filing.
Infibeam Incorporation, which oversees e-commerce platform Infibeam and DIY e-commerce site BuildaBazaar, already has a distribution deal in place with Dhamaal.com, an e-commerce subsidiary of Avenues India.
Infibeam revealed in an earnings reports late last month it had…
