Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Acquisition

EbixCash Acquires Routier, a B2B Marketplace for Trucking Logistics in India

StartUp Terminal Bureau by StartUp Terminal Bureau
February 15, 2021
in Acquisition
0
EbixCash Acquires Routier, a B2B Marketplace for Trucking Logistics in India
161
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

Mumbai, India, October 23, 2018- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that one of its India-based EbixCash subsidiaries has acquired a 67 percent stake in Routier, a Delhi-based B2B Marketplace for Trucking Logistics. Routier is pioneering a cloud based technology to change the way people move and receive inland goods in India.

Founded by First generation entrepreneurs and operating team senior Executives Ankur Dahiya and Adwait Vikram Singh from the Indian Institute of Management (IIM) and Harvard Law School, respectively, Routier seeks to revolutionize trucking logistics in the same way taxi logistics have been transformed by Uber, Ola and others. Routier aims to drive efficiency for all marketplace stakeholders, using an innovative blend of data analytics, artificial intelligence and end-to-end streamlined functionality available over the cloud.

With clients like Coca Cola, Asian Paints, and Samsung. Routier’s marketplace is already proving its ability to add efficiency to freight movement. The EbixCash investment was driven by Routier’s desire for a strategic investor who could provide added technology expertise, financial strength and brand recognition to accelerate its penetration of major trucking logistics. Routier is the first start-up where Ebix has made a strategic investment.

With a market opportunity expected to reach $300 billion by 2020, Routier looks to drive productivity and transparency through a transportation sector long considered one of the most inefficient. Routier’s online cloud based logistics marketplace connects companies that require their goods to be delivered (Shippers), typically with small trucking companies who account for 75% of the freight transportation business (Carriers); allowing the Carriers the ability to win a Shipper’s business by bidding from any smartphone, hand-held device or computer.

All stakeholders win when a supply chain is efficient, so Routier Marketplace is built from the ground up to help Shippers reduce costs, save time, and make informed decisions that increase
profitability. At the same time, Carriers benefit from instantaneous nationwide access to recurring business through a blend of technology, transparency, ease of use and other features that directly benefit their bottom line.

Ebix Chairman, President and CEO Robin Raina said “Exchanges and marketplaces are meant to provide a network effect that drives efficiency for all concerned and are best targeted at industries that are highly inefficient and lack technology savvy. India’s trucking industry is a perfect example of such an opportunity to deliver tremendous value and efficiency, and thus we are quite excited to be partnering with Routier in its mission to redefine the trucking logistics industry.

Robin added, “Routier recently secured multi-million dollar commitments from a few large multinational corporations, and thus needed the backing of Ebix in terms of technology expertise, manpower and working capital to implement and scale these and other opportunities. We are excited to invest in this pioneering effort at an opportune time, and look forward to building what could be a large marketplace for the trucking industry.”

Routier Founder Ankur Dahiya said, ‘Technology can serve as key disruptive force in the logistics sector. Routier aims to use Data Science as a key enabler to organize the fragmented market. By match-making supply and demand, even if we can use 30% of unutilized capacity, we can cause a major positive impact in the Industry in terms of productivity and profitability both.’

Routier Co-Founder Adwait Vikram Singh said, “Routier has the potential to rationalize the Logistics sector not only in India but also for the global markets. Currently, Routier operates only in
inland logistics but eventually aims to become a key player in streamlining cross border freight movement on a single enterprise marketplace platform. Routier has the vision to become an End-to-End supply chain network, that can handle freight movement to last mile delivery, for transportation across country borders.’

Tags: Acquisition
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

Qapita acquires ESOP Direct
Acquisition

Equity Management firm Qapita acquires ESOP Direct

July 27, 2022
Kedaara Acquires Majority Stake in GAVS Technologies
Acquisition

Kedaara Acquires Majority Stake in GAVS Technologies

December 15, 2021
upGrad to acquire leading EdTech player - Talentedge
Acquisition

upGrad to acquire leading EdTech player – Talentedge

December 7, 2021
Next Post
Startups in Cyprus

Startups in Cyprus

Apeejay Stya & Svran Group Commemorates 99th Birth Anniversary of Dr. Stya Paul

Apeejay Stya & Svran Group Commemorates 99th Birth Anniversary of Dr. Stya Paul

HR tech firm Hush raises a fresh round of funding

HR tech firm Hush raises a fresh round of funding

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Puerto Rico based accelerator Parallel18 invites startups to be part of Generation Innovation

Puerto Rico based accelerator Parallel18 invites startups to be part of Generation Innovation

7 years ago
Acadgild aims to provide accessible, affordable, engaging, and highly effective quality education

Acadgild aims to provide accessible, affordable, engaging, and highly effective quality education

7 years ago
Interview: Smiti Bhatt Deorah, Co-founder and Chief Operating Officer, Advantage Club

Interview: Smiti Bhatt Deorah, Co-founder and Chief Operating Officer, Advantage Club

7 years ago
LIVE online interactive sessions for aspiring entrepreneurs and potential entrepreneurs

LIVE online interactive sessions for aspiring entrepreneurs and potential entrepreneurs

3 years ago
International Women’s Day Interview: Jagriti Choudhary, CEO and Cofounder at Skinyoga

International Women’s Day Interview: Jagriti Choudhary, CEO and Cofounder at Skinyoga

6 years ago
No Result
View All Result

Must Read

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

IAA Leadership Awards honours outstanding achievers

Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza

Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses

Trending

Anaptyss Launches New Global Capability Hub and Innovation Center in India
Launch

Anaptyss Launches New Global Capability Hub and Innovation Center in India

by StartUp Terminal Bureau
September 27, 2023
0

New Delhi, India, September 27, 2023: Anaptyss - a digital solutions and domain specialist serving the banking,...

AI4Rx launches MedBeat HealthConnect App

AI4Rx launches MedBeat HealthConnect App

September 21, 2023
PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

August 11, 2023
enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

August 10, 2023
Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

August 10, 2023
Startup Terminal

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • Anaptyss Launches New Global Capability Hub and Innovation Center in India September 27, 2023
  • AI4Rx launches MedBeat HealthConnect App September 21, 2023
  • PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24 August 11, 2023
  • enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance August 10, 2023
  • Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives August 10, 2023
  • IAA Leadership Awards honours outstanding achievers August 10, 2023
  • Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza August 7, 2023
  • Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities August 3, 2023

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    351 shares
    Share 140 Tweet 88
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    330 shares
    Share 132 Tweet 83

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.