Liquidity Events
Delivery automation enabler Loginext sells assets to US co. Stellation for $250-K
Tiger Global and Steadview Capital-backed logistics software-as-a-service (SaaS) startup Loginext Solutions has sold its assets for USD 250,000 to Delaware (US)-based Stellation Inc, as part of a liquidation process. The asset sale includes Loginext’s software, hardware, all its subsidiaries, customers, and vendor contracts.Founded in 2014 by Carnegie Mellon University batchmates Dhruvil Sanghvi and Manisha Raisinghani, Loginext offers software products to automate deliveries across the supply chain for retail, e-commerce, consumer packaged goods, and food and beverages sectors. Its clients include KFC, Pizza Hut, Starbucks, Burger King and McDonald’s..
In Jan 2020, LogiNext had raised USD 39 million led by Tiger Global Management and Steadview Capital. In Sep 2015, it had raised a USD 10 million Series A round of funding from Paytm.
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