Digital payments solutions firm Infibeam Avenues acquired a 50% stake in software-as-a-service (SaaS) startup Vishko22 Products and Services for INR 12.5 Lakh.
Infibeam will be able to develop omnichannel enterprise-focused software products for domestic and international ecommerce marketplaces as a result of the acquisition. The payments company will also use Vishko to create a unified and seamless platform for its clients. The potential products will also be used to allow B2B ecommerce platforms to run multiple channels such as websites, mobile apps, and social media. The global retail omnichannel commerce platform market is expected to be worth $8 billion by the end of 2022 and $14.6 billion by 2026, growing at a compounded annual growth rate (CAGR) of 16.4% between 2022 and 2026.