Rediff.com (stylized as ''rediff.com'') is an Indian news, information, entertainment and
shopping web portal. It was founded in 1996. It is headquartered in
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...
, with offices in
Bangalore
Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...
, New Delhi and New York City.
, it had more than 300 employees. It is one of the earliest web portals and email providers in India. When its founder
Ajit Balakrishnan launched Rediff on the NeT, the internet was barely five months old in the country, and had a total of about 18,000 users.
History
The Rediff.com domain was registered in India in 1996.
Early products included the email service Rediffmail and Rediff Shopping, an online marketplace selling electronics and peripherals.
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. The case was resolved by settlement in 2009.
In April 2001, Rediff.com acquired the ''
India Abroad'' newspaper.
In 2007, Rediff iShare, a multimedia platform, was released. In 2010, Rediffmail NG was launched, an email service for mobile platforms. In 2012, Rediff launched its Android App for Rediff News.
In April 2016, the company decided to delist from
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
, citing the high cost of reporting requirements, given its financial condition.
References
External links
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{{Use dmy dates, date=August 2022
Companies based in Mumbai
Companies formerly listed on the Nasdaq
Indian companies established in 1996
Online companies of India
Internet properties established in 1996
Mass media companies of India
Software companies based in Mumbai
Web portals
Webmail
1996 establishments in Maharashtra