Ebix Acquires 67% Stake In Truck Logistics Startup Routier

Ebix Acquires 67% Stake In Truck Logistics Startup Routier

SUMMARY

Routier is the first startup where Ebix has made a strategic investment, the company said

The company is already providing its truck logistics service to companies such as Coca Cola, Asian Paints, Samsung, etc

Know the list of Ebix acquisition, so far

EbixCash, the Indian subsidiary of Ebix Inc — a supplier of on-demand software and ecommerce services — today announced to have acquired 67% stake in a Delhi-based business-to-business truck logistics company, Routier, in an undisclosed amount.“(It) thus needed the backing of Ebix in terms of technology expertise, manpower and working capital to implement and scale these and other opportunities,” he added.

Routier is the first startup where Ebix has made a strategic investment, the company said in a statement.!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");

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