Cold chain IoT startup TagBox receives angel funding
Founders: Adarsh Kumar, Saumitra Singh and Sameer Singh
Founded in: 2016
Financing status: Undisclosed amount for angel round in 2017
Bangalore-based, cold-chain monitoring solution provider TagBox has raised an undisclosed amount of angel funding from Indian Angel network and the IAN Fund. The funding round was led by IAN members Naveen Gupta and Dinesh Goel.
TagBox was founded 2016 by Adarsh Kumar, Saumitra Singh, and Sameer Singh. Previously, Kumar served as a delivery leader and region head at Mu Sigma, a big data analytics and decision sciences company. Saumitra Singh, an IIT Bombay alumnus, was a VP of engineering at technology company InnoRel Systems. Sameer Singh, an IIT Madras alumnus, was previously a senior analog design engineer at Texas Instruments.
TagBox is a cold chain monitoring and analyzing solution provider. It utilizes an Internet of Things technology to provide users with real-time visibility into an entire cold chain (cold storage, cold transit, and retail refrigeration). Its solutions help users reduce product spoilage, meet compliance requirements, and cut energy costs. Additionally, its solutions help prevent theft, decrease cargo insurance premiums, and optimize transportation costs. Tagbox is applicable in many areas such as pharmaceutical, food, end-point refrigeration, etc.
The startup will use the newly raised investment for product development, patent filing, and global certifications.
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