Rediff.com India confidentially files for IPO, may seek to raise ₹800 crore

Rediff.com India, a subsidiary of fintech firm AvenuesAI, has confidentially filed its draft IPO papers with SEBI to raise funds via its maiden issue. The company could look to raise ₹600-800 crore via the issue, although the final size will depend on market conditions and regulatory approvals, ANI reported. Rediff.com India was acquired by AvenuesAI (formerly Infibeam Avenues) in 2024.