M&A Deal Summary

EbixCash Acquires AHA Taxis

On December 6, 2018, EbixCash acquired transportation company AHA Taxis

Acquisition Highlights
  • This is EbixCash’s 1st transaction in the Transportation sector.
  • This is EbixCash’s 3rd transaction in India.

M&A Deal Summary

Date 2018-12-06
Target AHA Taxis
Sector Transportation
Buyer(s) EbixCash
Deal Type Add-on Acquisition

Target

AHA Taxis

Noida, India
AHA Taxis is an outstation taxi partner for outstation rental, taxi service, tourism, and transportation all over India. AHA Taxis was formed in 2015 and is based in Noida, India.

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Buyer(S) 1

Buyer

EbixCash

Mumbai, India

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

EbixCash is a financial exchange company in India with a ‘Phygital’ strategy (physical experience with digital backend) that combines more than 260,000 physical distribution outlets to an Omni-channel online digital platform, EbixCash has established an enterprise financial exchange portfolio that encompasses leadership in digital payments solutions, money transfer services (domestic & international), travel, insurance and corporate & incentive solutions. Ebix Payment Services was formed in 2006 and is based in Mumbai.


DEAL STATS #
Overall 3 of 6
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 6
Country: India M&A 3 of 6
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Leisure

Gurgaon, India

Leisure Corp. is a MICE management company that manages corporate events, luxury travel, sports travel, and sports hospitality with a focus on the insurance and financial sector clients. The Company’s core competency is to provide a customized range of services from conceptualization, design, budgeting, planning to execution of large corporate meetings and conferences, involving thousands of attendees. The Company also specializes in creating tailor-made packages for the sports travelers, with exclusive travel agent rights from India for premier world sports events like the recent FIFA Football World Cup in Russia and the 2019 ICC Cricket World Cup in London. Winner of the coveted National Tourism award twice in 2011-12 and 2014-15, Leisure Corp is in the business of creating memorable experiences for corporate and sports travelers. Leisure Corp. was formed in 1997 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 Essel Finance VKC Forex

Mumbai, India

Essel Finance VKC Forex Ltd. is a private sector financial services company. As an umbrella brand for the financial businesses of the Essel Group. The company offers a diverse range of services and products across the corporate finance and retail sectors.

Buy $8M