Infibeam Avenues Ltd is selling its wholly owned subsidiary Infinium (India) Ltd to Ingenius E-commerce Pvt. Ltd for Rs 60 crore ($8.5 million) while 5C Network (India) Pvt. Ltd has raised an undisclosed amount in seed funding.
Infibeam sells Infinium for $8.5m
Infibeam Avenues Ltd is selling its wholly owned subsidiary Infinium (India) Ltd to Ingenius E-commerce Pvt. Ltd for Rs 60 crore ($8.5 million), it said in a regulatory filing on Saturday.
