EbixCash’s Trucking Logistics Exchange - Routier Reports Strong Sales Momentum and Targets Annualized Revenue of $20 million by Q4 2019
Ebix, Inc. (EBIX)
Last ebix, inc. earnings: 3/1 08:21 am
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Source: GlobeNewswire
JOHNS CREEK, Ga., May 13, 2019 (GLOBE NEWSWIRE) -- 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 its Routier trucking logistics exchange has registered strong organic growth over the last few months, while attempting to redefine the way people send and receive inland goods in India. EbixCash today announced that it is targeting a revenue run rate of $5 million a quarter by Q4 of 2019 from Routier, its B2B Trucking logistics marketplace. Routier revenues sequentially grew from $46,000 in Q4 2018 to $941,000 in Q1 2019. EbixCash announced that its Routier Division experienced strong sales momentum in the last few months while adding 13 new large corporate clients in diverse industries: Petrochemicals: Reliance, Shubhalaxmi, IVL Dhubseri Petrochem Pvt. Ltd, MPK Chemicals. FMCG: Coca Cola, Pepsi (through Varun Beverages), Mother DairySanit
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