EBIXCASH IPO

EbixCash IPO Details

In 2017, post the demonetisation of ₹500 and ₹1,000 notes, the digital payments space in India was gaining strong traction. Amid this, EbixCash, the Indian subsidiary of Nasdaq-listed Ebix Inc, made its first big move in the country. It acquired the payment service company ItzCash for ₹800 crore.  

Since then, EbixCash has continued to expand its footprint in the country by acquiring 27 other companies. In India, the company has 6.5 lakh physical agent distribution outlets for its payment solutions. These are spread across 4,000 cities and villages. Its financial technologies business vertical, under which the company provides SaaS (software as a service), has more than 32 banking, financial services and insurance clients in India. 

And now EbixCash is all set to hit the Indian bourse through the IPO route.  The company plans to raise money to fund its strategic acquisitions and investments.