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Infibeam Avenues shares rally 16% today. Here's why

Shares of Infibeam Avenues surged 16.44 per cent to hit a high of Rs 16.85 on BSE. Despite this, the scrip is still down 18 per cent year-to-date. ....

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Infibeam Avenues to foray into AI-based lending

Making its foray into AI-based lending space, Infibeam Avenues says it intends to lend money by offering credit algorithms, credit platforms, frameworks and merchant database. ....

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INTERVIEW: With a partner like Mukesh Ambani's Jio, Infibeam expects to hit $100 billion in online transactions in the next 5 years

Mukesh Ambani and Infibeam are already friends
The two companies already have a relationship with JioMart being the first private company to use Infibeam’s Government e-Marketplace (GeM) an enterprise ecommerce software-as-a-service (SaaS) platform that was only available to the Indian government before Ambani.
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GeM crossed a cumulative transaction payments value of $13.5 billion in the last week of March 2021 and, according to Infibeam, the government plans to double that in the ongoing financial year.
In October last year, Reliance Jio entered into an agreement with Infibeam Avenues to use its platform for JioMart. Not only is Jio running its systems and services on Infibeam’s platform, the maintenance and upkeep also fall with the fintech company. ....

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