Supply Chain as a Service company saw substantial growth in solar marketplace, international freight management offerings.
CUPERTINO, Calif., September 08, 2022 /PRNewswire-PRWeb/ -- Inxeption, the leader in Industrial Commerce and supply chain digitization, ended the first half of 2022 with revenues that exceeded 2021's total revenue while spending less than half the operating expenses. For FY2022, Inxeption is poised to simultaneously grow topline results by 3x while improving operating margins to near breakeven.
This significant operating leverage is driven by Inxeption's considerable investment in technology that pairs industrial-focused digital commerce infrastructure with verticalized product marketplaces.
Just six months after launching its first industrial marketplace vertical, Inxeption's solar energy marketplace has generated more than $50 million in annualized revenues. Inxeption also recently unveiled a solar procurement financing product that will help solar installers that face a cash-flow challenge amid the growth in residential solar installation. Inxeption is planning additional expansion into financial services.
"Offering a digital commerce experience with embedded mission-critical business services to industrial manufacturers is a massive opportunity," said Jay Hanson, Inxeption's chief operating officer. "Ineffective procurement, financing and fulfillment operations have stunted growth for these businesses, and it was clear during the pandemic that a lack of digitization across analog, siloed business services left many SMB manufacturers struggling to survive."
During 2022, Inxeption also grew its international freight management business by 270 percent, year-over-year. Inxeption now services the top 100 ports worldwide in support of its rapidly growing ecommerce business. Its domestic logistics business grew by more than 180 percent during the same period on increased demand for real-time truckload and LTL execution. With Inxeption, industrial manufacturers quote, ship, track and pay for multimodal shipments through a single digital interface, eliminating time spent calling multiple freight brokers and carriers.
"These days, supply chain congestion, operational inefficiencies and long working capital cycles are mounting concerns for manufacturers and shippers of all sizes. The tools they've relied on for decades can no longer sustain modern supply chain conditions," said Josh Allen, Inxeption's chief commercial officer. "At Inxeption, we're powering responsive businesses by equipping our customers with intuitive digital solutions. The industry is taking notice."
Inxeption began the year by announcing a new funding round led by Schonfeld Strategic Advisors, with participation from the Bank of Montreal and existing investors. The financing round was completed at a pre-money valuation of $3 billion.
"Ultimately, what's driving the incredible results at Inxeption is the strength of our technology and its applications," said Karthik Nataraj, Inxeption's chief strategy officer. "The robust growth numbers are a validation by our customers of the need for technology to help them run their supply chains. We are executing rapidly on a massive market opportunity, and we are just getting started."
About Inxeption
Inxeption is the Industrial Commerce SuperApp. Its secure and scalable cloud-based digital commerce platform brings Capital, Data, Products and Services on-demand for Industrial and supply chain businesses. Companies of any size in any industry can drive more sales, gain operational visibility and realize cost savings. Inxeption Commerce Partners enjoy access to sell products on the Inxeption B2B marketplace and to develop new online commerce channels, as well as valuable applications that simplify and streamline logistics and other operations. Inxeption's challenge to the Industrial sector is: Let's Do Business Better.
Media Contact
Jon Ross, Inxeption, 408-461-5275, [email protected]
SOURCE Inxeption
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