Feature

Public party - Part 3

In the third part, a look at e-commerce player Infibeam and antivirus provider Quick Heal

In the fast-growing e-commerce segment, Infibeam has been the first to launch an IPO worth Rs.450 crore. Besides its namesake retail site, the company also has a BuildaBazaar (BaB) market place that provides customisable online storefront solutions. It, however, has a long track record of operating at a loss. According to the draft red herring prospectus, Infibeam made losses from FY12-15. In FY16 though, the company reported profit of Rs.8.7 crore. Is this a turnaround or just a pause?