Rediff, once a pioneer of internet services in India, sells majority stake for $3M

Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the first Indian internet firm to list on NASDAQ back in the year 2000. Founded in 1996, Rediff rode the initial dot-com wave to become one […]
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Source: TECCRUCH

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