Saturday, 17 August, 2024

SaaS Startup LogiNext Sells Assets to US Entity After Raising $50 Million

LogiNext, a SaaS startup that previously raised $50 million in funding, has liquidated its assets to a US-based entity for $250,000. The unexpected move comes as the company struggled to sustain operations despite its earlier financial backing. This liquidation raises questions about the startup's management and the challenges faced in scaling its business. The sale marks a significant shift in the company's strategy.