E-commerce company Infibeam posted a net profit of Rs 19.7 crore for the quarter ended June 30 (Q1 FY17), growing 107% from Rs 9.6 crore in the same quarter. Sequentially, net profit grew 44.85% from the preceding quarter. The company attributed the growth in net profit and revenue due to its web services segment while it said that the e-commerce segment maintained stability without burning cash. Total revenue grew 79% to Rs 184.6 crore from Rs 103.1 crore in the same quarter last year. Total revenue stood at Rs 120.9 crore last quarter representing a growth of 52.69% sequentially. EBITDA stood at Rs 36.4 crore in the quarter growing 115% from Rs 169 crore. Services segment Infibeam’s services segment includes BuildaBazaar platform which provides cloud-based solutions for merchants. BuildaBazaar earns by charging a set-up cost to merchants, as well as through monthly fee and a per-transaction commission.…
- Freedom Offer: Get Rs. 1000 Off On Our Subscription Plans August 15, 2022
- In comments on IT Rules, NLUD’s CCG flags ‘Corporate Censorship’ and unequal ‘grievance redressal’ August 12, 2022
- TLDR: Google’s fact-check, WhatsApp privacy, Kids’ data on Instagram, Microsoft in ONDC, GST on online gambling, more August 12, 2022
- IT Rules 2021: Now Google concerned about SRB mechanism for social media platforms August 12, 2022
- Summary: What are RBI’s new rules for digital lending apps and service providers? August 11, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...