India Dealbook: Infibeam sells Infinium for $8.5m; Unitus backs 5C Network

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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.

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