Automation startup LogiNext gives 16-fold exit to angel investor

With the funding, LogiNext is looking at acquiring two vendors in its space.

In 2016, LogiNext had acquired YourGuy, a cross-category last mile delivery company in Mumbai

LogiNext, which raised its Series A round of $10 million from Alibaba-backed Indian payments major Paytm, is looking to raise its next round of funding which is said to be in the region of $10 million.

In September 2015, the company raised a sum of $10 million from early backer Paytm.