Live Mint: Automation startup LogiNext gives 16-fold exit to angel investor

Sanjay Mehta, an entrepreneur-turned-angel investor, has earned a 16-fold return by selling his stake in logistics automation startup LogiNext.

Mehta, who has invested in more than 130 companies, including OYO Rooms and Box8, sold his entire stake in the firm to New York-based Tiger Global Management and Steadview Capital, in LogiNext’s recent $39 million equity financing round that valued the firm at nearly $100 million this month. Mehta had led a ₹3 crore investment, along with a few other angel investors.

“This is one company which has walked the talk. Whatever they pitched, they delivered—be it the numbers, the valuation, or the fund raise," said Mehta.

Read More: Automation startup LogiNext gives 16-fold return to angel investor.

- 100X.VC Team

Published on: January 31, 2020