Shapoorji Pallonji Mistry is an angel investor and owns minority stake in Suvidhaa.
Subsequent to merger, all sales channels including Infibeam.com and channel stores enabling retailing of products by NSI will continue to be managed by the merged entity, Infibeam Avenues said, adding the technology implementations of web stores for third party retailers will be managed by company itself.
Suvidhaa Infoserve distributes personal loan, business loan, investment in mutual fund, insurance, banking services such as bank account opening and deposits, prepaid cards. Other services include utility bill payments.
“Both the companies are planning to develop an omni-channel marketplace whereby Infibeam.com the marketplace will be connected to Suvidhaa vast network of 91,000 outlets under 4500 pin codes,” the company said.
Suvidhaa processed over gross transaction value worth Rs 10,000 crore a year and has partnered with 300 financial institutions and service provider for selling their products and offers a range of B2C/B2B services.
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