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Did LogiNext’s $50M Journey End with the Asset Liquidation for $250K?
Manage episode 434725522 series 2824779
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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.
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