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Time of India
2 hours ago
- Time of India
Internet firm Rediff explores options to raise $100 mn
Mumbai: Internet company Rediff is exploring options, including an initial public offering , to raise up to $ 100 million (around ₹875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments , according to sources. The company, which is majority owned by financial technology company Infibeam Avenues Ltd , is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its $ 100 million fundraising, sources said. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, "Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options." Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment - RediffPay . Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services - all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites - Microsoft 365, Google Workspace, and Zoho - are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform.
The Print
3 hours ago
- The Print
Internet firm Rediff explores options to raise USD 100 mn
The board of is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its USD 100 million fundraising, sources said. The company, which is majority owned by financial technology company Infibeam Avenues Ltd, is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. Mumbai, Aug 4 (PTI) Internet company Rediff is exploring options, including an initial public offering, to raise up to USD 100 million (around Rs 875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments, according to sources. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, 'Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific to share, but we are evaluating options.' Sources said that the company will use the funds to accelerate its push into enterprise-grade email and business productivity suite -RediffOne, and digital payment – RediffPay. Infibeam has been investing aggressively in data centres, AI platforms, and now, sovereign digital services — all areas where Rediff is expected to play a central role, sources said. The firm had launched its AI-powered productivity suite RediffOne last year and looks to offer similar services that global majors like Microsoft, Google, and Zoho are offering, sources said. While almost all major productivity suites — Microsoft 365, Google Workspace, and Zoho — are headquartered in the US or elsewhere in the West, Rediff remains the only large-scale Indian player in this category. The company claims over 20,000 businesses currently use Rediffmail Enterprise, in addition to millions of individual users on its flagship email platform. PTI IAS MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
3 hours ago
- Business Standard
Mitigata raises $5.9 million to scale cyber resilience platform in India
Mitigata, a cyber resilience startup, has raised $5.9 million in Series A funding. The round was led by Nexus Venture Partners, with continued support from existing backers Titan Capital and WEH Ventures. Positioning itself as the first line of defense for Digital India, Mitigata offers a full-stack platform that integrates security, risk, compliance, and cyber insurance. The company is targeting Indian enterprises, regulated entities, and critical infrastructure providers facing escalating cyber threats. The funding will accelerate the development of Mitigata's AI-powered security and risk management platform. It will also help enhance its suite of cyber resilience services and scale operations across major Indian cities and international markets. 'Most businesses still treat cyber insurance and security as separate cost centers, often relying on fragmented vendors and siloed solutions,' said Mohit Anand, co-founder and CEO of Mitigata. 'We've reimagined and Indianized the model — delivering integrated, high-impact cyber resilience that combines security and insurance into a single, cost-efficient solution tailored to the unique needs of Indian organizations.' As part of its growth plans, Mitigata will establish three dedicated Global Security Operations Centers (SOCs) in Bengaluru, Mumbai, and Delhi to scale its AI-driven threat detection, incident response, and managed security services across the country. 'Mitigata is pioneering a new AI-led services approach to cyber resilience that covers the entire lifecycle—from prevention and mitigation to risk transfer via insurance,' said Anand Datta, partner at Nexus Venture Partners. Mitigata partners with all major general and public-sector insurers, including HDFC ERGO, ICICI Lombard, TATA AIG, Bajaj Allianz, and New India Assurance. It ensures that cyber coverage is tightly aligned with real-time risk posture, enabling smarter coverage, better claims outcomes, and faster response to cyber incidents. 'In a short span of time, Mitigata has become the trusted partner for solutioning cybersecurity and insurance across enterprises as they face up to this mounting challenge,' said Deepak Gupta, general partner at WEH Ventures. The founders — Mohit Anand, Sarthak Dubey, Mayank Morya, and Akshit Kaushik — bring with them rich experience from leading organizations such as Meesho, Delhivery, Lenskart, Khosla Labs (Trustt-Novopay), and CGI.
