Infibeam to raise â¹2,000 cr to set up payments bank
Ahmedabad-headquartered e-commerce major Infibeam is looking to raise â¹2,000 crore to set up its payments bank and expand business in IT segment. Shareholders have also approved changing its name from 'Infibeam Incorporation Limited' to 'Infibeam Avenues Limited', as per a regulatory filing. This comes after former Housing CEO and ex-Snapdeal executive Jason Kothari joined Infibeam as President.