Did LogiNext’s $50M Journey End with the Asset Liquidation for $250K?
Aug 16, 2024•5 min•Season 1Ep. 86
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
In this podcast, we’ll be talking about "LogiNext Solutions", a global logistics SaaS startup that, despite its tremendous growth trajectory, has reportedly liquidated its assets.
Over the years, it raised a total of $50 million, achieving its peak valuation of $100 million after a $39 million funding by global heavyweights like Tiger Global and Steadview.
In a surprising turn of events, LogiNext has recently liquidated its assets for just $250,000, according to a board resolution on July 8, as reported by the Economic Times.
The podcast covers the key learnings from the LogiNext Journey.
For the best experience, listen in Metacast app for iOS or Android