Corporate Corner News 

How Infibeam blazes a trail with crucial pivot, IPO, right acquisitions and surging profit

The battle for e-commerce supremacy in consumer segment will be fought between Flipkart, Amazon and Paytm Mall for the next decade or more. Putting up a fight against them even with a vertical approach seems terribly difficult. So far, none of the vertical play (except Myntra) has been able to create a substantial business. While Snapdeal and ShopClues tried creating space for themselves, their attempts appear to be hollow (given the present circumstances). Nevertheless, outliers find their way irrespective of all odds and challenges. One such outlier is Infibeam. With…

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Corporate Corner News 

Infibeam and partners get contract to manage Government e-Commerce Marketplace

Infibeam and its partners have won the contract as a Managed Service Provider for “Design, Development, Implementation, Operation & Maintenance of Government e-Marketplace (GeM)”, the company has told the stock exchanges. A couple of days ago, the Economic Times had reported that the five year contract is worth around Rs 1000 crore, and Infibeam and its partner Intellect Design Arena had been the lowest bidders, but that was an unconfirmed report. Note that a GeM is already running, developed by the Directorate General of Supplies and Disposals (DGSD) and launched on 9th August 2016, with…

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