Ahmedabad based E-commerce startup InfiBeam is trying to do everything possible on earth that can be associated with a web company. From e-store to branded mobiles, from Pi to Phi, classifieds site to education portal to customized merchandise.
In their latest bid to do more, InfiBeam is singing up with Gujarat govt. to power their rural e-commerce initiative, Vishwagram Bazaar. Vishwagram Bazaar would enable the 14,000 Vishwagram centers in the state to be able to buy and sell goods, including local produce online. Infibeam will open up its e-commerce platform for village entrepreneurs including fair price shops to create online Vishwagram Bazaar stores. This would enable entrepreneurs to buy, sell and access products.
An estimated investment of Rs.2,000 Crores will be made over a period of five years in building out the IT infrastructure, logistics, product inventories and support services.
Hopefully the deal is something valuable delivered to the end user and does not end up on papers. But even otherwise this will add up few more percent to InfiBeam’s valuation. (Rumors on Acquisition)
[Naman is a startup enthusiast and has worked with couple of Indian startups as Product Manager. He is the founder of FindYogi]