{"id":845169,"date":"2024-08-16T10:34:26","date_gmt":"2024-08-16T05:04:26","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=845169"},"modified":"2024-08-16T10:34:26","modified_gmt":"2024-08-16T05:04:26","slug":"after-raising-50-million-saas-startup-loginext-liquidates-assets-to-us-entity-for-250k","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/16\/after-raising-50-million-saas-startup-loginext-liquidates-assets-to-us-entity-for-250k\/","title":{"rendered":"After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250k"},"content":{"rendered":"<p>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\u2014Stellation Inc\u2014as part of a liquidation, winding up and dissolution process, according to documents which were reviewed by ET.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2014Stellation Inc\u2014as 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.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-845169","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=845169"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/845169\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=845169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=845169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=845169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}