Welcome Guest

Businessex.Com
Home News Tech start-up Loginext receives seed capital from Indian Angel Network

Tech start-up Loginext receives seed capital from Indian Angel Network

Tags: Indian Angel Network, LogiNext, startup, IoT, Big Data, seed investment

April 07, 2015 | COMMENTS ( 0 )

Tech start-up Loginext receives seed capital from Indian Angel Network

Indian Angel Network, India’s first and Asia’s largest angel network has announced investment in LogiNext, a startup using IoT and Big Data to offer advanced analytics and data visualization services to improve an organization’s internal operations, optimize delivery networks and provide superior customer service.

The seed investment will be utilized in talent hiring, business expansion, product line enhancement and to build a smarter and scalable analytics and optimization platform.

LogiNext was founded by Dhruvil Sanghvi and Manisha Raisinghani in 2014. The duo graduated from Carnegie Mellon University with a Masters degree in Data Analytics and Business Intelligence. With consulting experience at Deloitte and IBM in the US, Dhruvil and Manisha possess extensive knowledge and expertise on how to plug Big Data into logistics.

“LogiNext sees logistics as a complex network of information and uses this “Big Data” to generate insights that helps companies predict delays, save cost and provide reliable customer service. It employs smart technology to help the companies to avoid postponements, incorporating transparency, and perform real-time tracking to get unique insights about their moving assets, distribution networks and supply chain,” said the company’s release.

Sanjay Mehta, Lead Investor and Member, Indian Angel Network, who will also join the LogiNext board said, “We believe that today success in e-commerce is attributed to companies having control & visibility on their supply chain logistics experience as products sold on every other site is more or less similar. With massive flow of shipments, LogiNext has designed their software to work on multiple data sources to predict the correct ETA of individual shipments. Using their unique big data analytics algorithm & machine learning its set out to become the Google for shipments searches, to help e-commerce and logistics companies gain control on their customer experience. Manisha & Dhruvil’s impressive education and work credentials in logistics domain makes them an authority on the subject.”

Dhruvil Sanghvi, Co Founder, LogiNext, commented, “Led by GDP revival, ramp up in transport infrastructure, e-commerce penetration, and impending GST implementation India’s logistics sector is poised for accelerated growth and technological disruption. This has opened the floodgates of opportunities across the spectrum for companies dealing in the logistics space and we are delighted to have ceased one on time. Our vision is to disrupt the “reactive” aspect of logistics to a more “pro-active, predictive and preventive” way and while doing this we plan to become the best real time logistics optimization product in the country in next 6 months. We are sure that with Sanjay and Ajit on board and support from Indian Angel Network, we are set to achieve our goal and vision.”

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....