TVS Motors has supported the emerging logistics tech player Tagbox with close to $4 million series A funding. Tagbox founded in 2016 specialises in Internet of Things (IoT) and machine learning based supply chain solutions. The company claims to offer solutions which ensure seamless shipment all through the value chain.
“Organizations across the globe are increasingly adopting IoT and machine learning solutions to improve their supply chains and operations. We have already delivered ROI from our IoT based predictive insights solutions for leading retail, ecommerce, pharma, F&B, dairy and manufacturing companies in India and APAC. We believe it is now time to scale our product globally,” Adarsh Kumar, CEO of TagBox commented after the deal.