After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250k

Tiger Global and Steadview Capital-backed logistics software-as-a-service (SaaS) startup Loginext Solutions has sold its assets for a paltry sum of $250,000 to a Delaware registered entity—Stellation Inc—as part of a liquidation, winding up and dissolution process, according to documents which were reviewed by ET.

Having raised $50 million across multiple rounds of funding, the Mumbai and New Jersey-based firm will shut the Loginext brand and move all its client contracts to Stellation, per a July 8 board resolution.