The seed investment will be utilized in talent hiring, business expansion and product line enhancement.
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.”