Mumbai based startup LogiNext Solutions, which enables its customers to have advanced analytics to improve logistics and supply chain in an organization, has received a seed funding of around 3 crores from India Angel Network (IAN).
LogiNext is working in Internet of Things (IoT) and Big Data space to create solutions which optimize logistics systems and embed analytics in them. It was founded in 2014 by Dhruvil Sanghvi and Manisha Raisinghani, both graduates from Carnegie Mellon University,
With many ecommerce websites in picture and all giving out similar products at competitive prices, logistics is a game changer. Logistics sector in India is to see to large inflow of funds and players in future with GDP revival, ramp up in transport infrastructure, GST coming into picture and ecommerce becoming more prominent channel of purchases. With visibility of the shipment being a big issue LogiNext uses its technology to enable real time tracking of shipments at a minute to minute level on maps. Also it provides logistics analytics in terms of insights and visualizations and also integrate with existing system of any business seamlessly.
Indiam Angel Network, started in 2006, is a network of Angel Investors looking to invest in businesses in early stages. It consists of a team of industry leaders and entrepreneurs and have invested in multiple startups from the time of its birth.