Infibeam Incorporation Limited (which is now changing its name to the much friendlier Infibeam Avenues Limited, after officially merging with the entity that runs CCAvenues) posted a net profit of Rs 20.8 crore this quarter, a 53% increase from the same quarter in the previous year. In 2018, the company's annual net profit grew by 102%, nearly double the annual growth. The company said that CCAvenue and other transaction-related products drove most of the profits. Infibeam runs an e-commerce platform, owns the payments platform CCAvenue, and is the government's official partner for GeM (the government e-marketplace). It also provides full online marketplace services to Amul and the Adani Group's Fortune brand. Other financial results 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. It's essentially a Marketplace-as-a-Service (MaaS) model. — Merchant growth on the Infibeam platform was at 32% year over year, at 94,109 merchants in Q4. Registered merchants on Infibeam Web Services numbered over 400,000. Infibeam didn't provide an exact number here, and added a caveat for what counts as a registered merchant. — EBITDA was Rs 39.05 crore, which was up on a y-o-y basis, but declined on a quarter-on-quarter basis. — The service segment's revenue grew by 207% and 239% on a quarterly and annual basis respectively. Recent Infibeam moves Earlier this month, Infibeam acquired Unicommerce, a "cloud-based inventory management" company. Unicommerce was a wholly owned subsidiary…
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