Infibeam Avenues Signs an Agreement with Jio Platforms Limited

Infibeam Avenues, the parent company of CCAvenue, has recently entered into a partnership with Jio Platforms Limited, a Reliance Industries-owned digital platform. The deal is signed to license its e-commerce and payment software to Jio Platforms.

Infibeam is known for allowing enterprises to conduct online transactions, managing orders, inventory, and logistics and for processing digital payments. The company is also known for grabbing the government's e-marketplace contract.

The partnership will help Jio in boosting its offering. Reliance Jio is on a spree and has acquired nearly around 11 Indian tech startups, especially during the phase of 2018 to 2019. Apart from that, Reliance Industries has also raised about $20 million during the first half of 2020.

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