Rediff.com

Rediff.com, stylized as rediff.com, is an Indian news, information, entertainment, email service and shopping website. Founded by Ajit Balakrishnan in 1996, it was the first Indian website to become a mainstream news media organization.[4][5] It is headquartered in Mumbai with offices in Bengaluru, New Delhi, and New York City.[6]

As of 2009, it had more than 300 employees.[7] At the time of its founding, internet access had only been available in India for five months with a mere 18,000 users, leaving Rediff.com as one of the earliest Indian web portals and email providers.[8]

History

The Rediff.com domain was registered in India in 1996.[9] Early products included the email service Rediffmail[10] and Rediff Shopping, an online marketplace selling electronics and peripherals.[11]

In 2001, Rediff.com was alleged to be in violation of the Securities Act of 1933 for filing a materially false prospectus in relation to an IPO of its American depositary shares.[12] The case was resolved by settlement in 2009.[13]

In April 2001, Rediff.com acquired the India Abroad newspaper.[14]

In 2007, Rediff iShare, a multimedia platform, was released.[15] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[16] In 2012, Rediff launched its Android App for Rediff News.[17]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[18]

Infibeam Avenues Limited's era

In 2024, Rediff.com became a subsidiary of Infibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.[19] Infibeam founder Vishal Mehta became Rediff's new Chairman and Managing Director, succeeding Ajit Balakrishnan, who had led the company since its founding in 1996.[1]

See also

  • Comparison of web search engines
  • List of search engines
  • Timeline of web search engines
  • Noviforum

References

  1. Infibeam founder Vishal Mehta becomes Rediff's new Chairman and Managing Director Business Today, 4 October 2024^
  2. Rediff.com Appoints Vishal Mehta as Chairman and MD Following Infibeam Acquisition Entrepreneur, 3 October 2024^
  3. Navdeep Singh. Infibeam Avenues acquires majority stake in Rediff.com, shares jump over 8% The Economic Times, 2 August 2024^
  4. Rediff.Com reports Q1 results: India revenue up 42% The Financial Express, 2 July 2008, retrieved 16 July 2010^
  5. Rohit Chopra. How Rediff On The NeT first created a template for the Hindu Right online in the 1990s ThePrint, 2019-12-15, retrieved 2023-03-02^
  6. www.ETHRWorld.com. Rediff.com appoints Vishal Mehta as Chairman and Managing Director - ETHRWorld ETHRWorld.com, retrieved 2024-12-03^
  7. Investor FAQs Rediff.com, retrieved 16 July 2010^
  8. For Rediff boss, early success meant ignoring sceptics, self-learning tools Hindustan Times, 13 August 2020, retrieved 23 July 2021^
  9. India completes 20 years of commercial internet India Digital Review, retrieved 15 March 2014^
  10. Anubhuti. Rediff records 15 percent growth in registered user base Media Newsline, 2 October 2010, retrieved 12 December 2010^
  11. https://www.business-standard.com/content/press-releases-ani/tata-cliq-partners-with-rediff-com-to-attract-new-shoppers-124010800722_1.html^
  12. Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Rediff.com India Ltd. Seeking Damages on Behalf of Purchasers of Rediff American Depository Shares – REDF GlobeNewswire, 25 May 2001, retrieved 17 July 2013^
  13. Case Summary Rediff.com India Ltd. Securities Litigation Stanford Law School, retrieved 8 November 2018^
  14. Pioneering publisher Gopal Raju passes away India Abroad, 1 April 2008, retrieved 4 May 2008^
  15. Priyanka Mehra. Now share videos, music on Rediff's iShare Mint, 1 July 2007, retrieved 17 November 2014^
  16. Mobile email service from Rediff.com The Hindu, 2 October 2010, retrieved 25 June 2019^
  17. Rediff News app for Android OS launched Tech2, 2012-09-18, retrieved 2023-03-02^
  18. Sadhana Chathurvedula. Rediff.com delists its shares on Nasdaq mint, 2016-04-28, retrieved 2023-03-02^
  19. Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore BusinessLine, 2 August 2024, retrieved 8 October 2024^