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Founded
2014
Headquarters
Mumbai (India)
Status
Series B
Company Details
LogiNex was a global SaaS leader in AI-driven logistics automation until its bankruptcy filing in 2024. The company specialized in optimizing last-mile delivery for enterprises across e-commerce, retail, F&B, and transportation sectors. Its proprietary platform automated route planning, real-time tracking, and dispatch management, serving 200+ enterprise clients including McDonald's, UPS, and Singapore Post. LogiNext filed for bankruptcy in 2024 and sold assets for $250K in 2025, ending a decade-long journey that highlighted both the promise and perils of logistics SaaS.
Core Products and Services
LogiNext Mile: AI-driven route optimization, real-time tracking, proof of delivery (e-signature/geo-tags), fuel management.
Use Cases: Scheduled deliveries for retail, CPG, and 3PLs.
Uber-like Allocation: Real-time driver assignment based on proximity, capacity, and SLAs.
Dynamic Rerouting: AI-adjusted routes for traffic/weather disruptions.
Value-Added Modules: Electronic POD, heatmap analytics, and blockchain-compatible traceability.
Business Model & Revenue Streams
SaaS Subscriptions (100%): Tiered pricing based on shipment volume and feature access.
Revenue: >$10M (120% YoY growth); EBITDA-positive until 2023.
Geographic Mix: 80% international (U.S., EU, APAC), 20% India.
Customer Segmentation
B2B Enterprise Focus: 95% Fortune 500 clients; SMBs via scalable plans.
Top Clients & Partnerships
Marquee Clients: McDonald’s (global delivery ops), UPS (Asia-Pacific route optimization), Singapore Post (cross-border tracking), Decathlon (retail logistics), AmRest (KFC/Pizza Hut EU deliveries).
GrabExpress: Integrated delivery network in Southeast Asia.
IKEA: Big-and-bulky delivery optimization (2023).
Future Outlook & Strategic Priorities
AI/ML Expansion: Predictive detention alerts and autonomous delivery planning.
Global Scaling: Target 75% revenue from U.S./EU by 2025.
Execution Failures: Leadership churn (co-founder exit 2021), unexecuted acquisitions.
Market Shifts: Post-pandemic logistics SaaS consolidation (reflecting sector volatility).
Key Metrics
Total Equity Funding
$50 Million
No. of Funding Rounds
3
Latest Funding Round
$50 Million, Series B
as of January 24, 2020
Post Money Valuation
$100 Million
as of January 24, 2020
Funding Multiple
2
as of January 24, 2020
Investors
Tiger Global Management
and 2 moreEmployee Count
162
Similar Companies
Unicommerce
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 24, 2020 | Series B | $50 Million | $100 Million | $2 Million | 29.7x | Tiger Global Management |
| September 22, 2015 | Series A | $10 Million | $1.5Million | $103K | - | Paytm, Alibaba, One97 Communications |
| April 7, 2015 | Seed | $500 K | $1.5Million | $25.3K | 42.0x | GrayCell Ventures, Singapore Angel Network, Fresco Global, Indian Angel Network, Vapp Ventures |