LogiNext joins hands with IBM to streamline e-commerce supply chain
November 21, 2017: LogiNext has partnered with global technology giant IBM in an agreement aimed at optimising supply chain functions for e-commerce, retail and allied sectors.
“This (partnership) will allow FMCG, e-commerce, retail and transportation companies to optimize their logistics and supply chain from resource, time, distance and cost point of view. At the same time, it allows companies to improve their customer experience with real time visibility across the supply chain”, LogiNext CEO Dhruvil Singhvi said.
LogiNext will now become pre-integrated with IBM cloud, IBM Order Management, IBM MDM MaaS 360 and IBM Weather Company. The logistics management and analytics software company is also in talks with IBM to use more machine learning APIs of Watson. Nipun Mehrotra, chief digital officer, IBM India & South Asia, confirmed the development.
Founded in 2014 by Dhruvil Singhvi and Manisha Raisinghani, LogiNext is a cloud-based logistics and field workforce optimisation company that claims to have 200 enterprise clients spread across 10 countries.
In September 2015, the company raised a sum of $10 million from early backer Paytm. Till date, it has raised around $10.5 million and is currently in talks to raise its next round as well.
“We are operationally profitable, and plan to achieve net profitability by March 2018,” Singhvi informed. The company counts Coca Cola, Grab, LF Logistcis, MGM Bosco, Dominoes, Dow Chemicals among its clients.