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.