Ebixcash, which is the Indian subsidiary part of the Ebix Inc., which is among the largest provider of the on-demand software and e-commerce services today revealed in a report that they have actually obtained around 67% stake in the Delhi based service to service truck logistics business, Routier, in a concealed amount of fund.Routier is the
very first startup in the industry where the Ebix has actually comprised their strategic investment.The start-up which is launched in the year 2014, by the Ankur Dahiya and Vikram Singh, Routier is a cloud based truck logistics company which connects the carriers and carriers on simply a single platform to drive up the performance in the supply chain market with the assistance of Artificial Intelligence, Data Analytics and with end to end streamlined functionality.As of now, the company operates in on-road logistics and aiming to improve its services to the cross-border freight movement on its single business market platform. Additionally, it likewise aims to supply an end to end supply logistics chain of a network from the freight motion to last mile shipment throughout the country part of borders.The business as of now is offering its services to Asian Paints, Samsung and Coca-Cola, etc. “India’s trucking
industry has a chance to deliver incredible worth and effectiveness, and therefore we are delighted to be partnering with Routier,”the statement cited Ebix CEO Robin Raina as saying.According to the company officials, Routier has recently protected a multi-million dollar projects from a few of the Multi-national business.
“(It)therefore needed the backing of Ebix in terms of technical knowledge, manpower and working capital to carry out and scale these and other chances, “he added.If you like this post, share your views in the comment below!The post
Ebix obtains cloud-based logistics market Routier appeared initially on TechiExpert.