Dhruvil Sanghvi, founder and CEO of LogiNext, explains during a rapid-fire round that Alibaba founder Jack Ma is an indirect investor in LogiNext through one of their backing venture funds.
0:00 / 0:03exact quote · 3.3s
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“Jack Ma, who also happens to be our investor's investors.”
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More from Dhruvil Sanghvi
AssertionNot checkable as stated
The global enterprise truck fleet market is only about 4,000 companies
“No, so we would be the total market size across the world is about 4000 companies, and we already have made a list of all those 4000 guys.”
Dhruvil SanghviSep 10, 2019▶ 10:281508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
AssertionNot checkable as stated
LogiNext generates $1.2 million in MRR across 50 enterprise customers
“That's correct. Yes.”
Dhruvil SanghviSep 10, 2019▶ 12:361508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
AssertionNot checkable as stated
Loginex works with a top US retailer and transportation company
“We work with one of the largest retailers in the U S and we also work with one of the largest transportation companies in the U S.”
Dhruvil SanghviSep 10, 2019▶ 1:461508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
AssertionSupported
Target ships online orders from local stores, not central warehouses
“If you go to target.com when they ship, they don't ship it from their warehouse, they ship it from their nearest store.”
Dhruvil SanghviSep 10, 2019▶ 3:111508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
Disclosure
LogiNext charges a $50 per-truck monthly minimum for fleets over 100
“Our minimum fees are like 50 dollars per month per asset, as we call it. And then these hundred trucks can be purchased as minimum.”
Dhruvil SanghviSep 10, 2019▶ 5:541508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
Disclosure
LogiNext's average enterprise customer has a fleet of 500 trucks
“Our current is 500, obviously. So the majority of it is between a 105 hundred, and because there are very few companies across the world who would be having more than thousand trucks on their fleet.”
Dhruvil SanghviSep 10, 2019▶ 6:481508 With $1.2m in MRR, They're Making Truck Fleets More Efficient
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