Logistics Startup LogiNext Raises $10 Million From Paytm

Logistics Analytics firm, LogiNext has raised a $10 Million Series A round of funding from Paytm, intending to bring greater efficiencies to its delivery vertical.

The startup will use the funds for customer acquisition, marketing, product development, and hiring. The company plans to hire 60 employees over the next six months with the capital boost.

The startup had also received a funding of $500,000 from Indian Angel Network  earlier this year.

LogiNext, was founded by Dhruvil Sanghvi and Manisha Raisinghani in 2014 and provides a SaaS based service. The company is currently serving 50 customers from the medium and large enterprises segment.

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