New Delhi: A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax (GST). The rollout of the tax reform measure could reduce total number of warehouses in the country by at least 40% in the coming months, top industry executives said…
Tag: Havells
Moglix raises $12 m in Series-B funding to fuel expansion & technology development
Moglix, a leading B2B e-Commerce start-up that is digitally transforming supply chain of manufacturing sector in India, has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Grou…
TempoGO raises $825k in seed round
TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised USD 825,000 in seed funding led by K2 Capital of Hong Kong. Over the last 12 months, the TempoGO solution has been used or over 1,800 inter-city trips in India covering 6.5 lakh kms for 300 clients in…