Friday, 16 August, 2024

SaaS Startup LogiNext Liquidates Assets for $250K After Raising $50 Million

LogiNext, a SaaS startup, has liquidated its assets to a U.S. entity for $250,000 despite previously raising $50 million in funding. The move highlights the challenges faced by the company in sustaining its operations. This decision comes as a strategic shift after failing to meet growth expectations, marking a significant turn for the logistics technology firm.