Tiger Global and Steadview Capital provided the series B financing, which came roughly five years after a Paytm and Alibaba-backed series A round.

LogiNext, a US-based field-service management software provider backed by e-commerce group Alibaba and digital payment technology producer Paytm, has raised $39m in series B funding, DealStreetAsia reported today.

The capital was supplied by investment firm Tiger Global Management and asset manager Steadview Capital at a reported valuation of almost $100m. The round came in the wake of a $10m series A featuring Alibaba and Paytm in 2015 and boosted LogiNext’s overall funding to $50m.

Founded in 2014, LogiNext has created…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.