LogiNext, a SaaS company providing solutions to manage and optimize logistics and field service operations, has raised $39 million funding from US-based marquee investors Tiger Global Management and Steadview Capital. The company was founded by Dhruvil Sanghvi and Manisha Raisinghani in 2014.
Earlier, it had raised $10 million in a Series A round led by Paytm and Alibaba in 2016.
The company will utilize these funds to expand its presence outside India and into New York, London and Sydney.
In a media statement, LogiNext CTO, Manisha Raisighani, said, “Our [LogiNext] customer’s testimonials speak to that and with this investment we are looking to build an even superior product which will help our customers differentiate from their competitors.”
LogiNext leads the field workforce and logistics optimization solutions market with its industry benchmarked products for last mile, field force, on-demand delivery, and linehaul express management. It has more than 200 clients across North America, Middle-East, South and Southeast Asia.
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