te TVS Motor invests US$3.85 Million in TagBox as part of Series A Funding | Zee Business

TVS Motor invests US$3.85 Million in TagBox as part of Series A Funding

TVS Motor has invested US$3.85 Million in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. 

TVS Motor invests US$3.85 Million in TagBox as part of Series A Funding
TagBox plans to use the funds to strengthen product innovation and R&D while expanding its global footprint. Website grab

TVS Motor has invested US$3.85 Million in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company Limited and its Singapore based Subsidiary, TVS Motor (Singapore) Pte. Limited. Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore) said, “We evaluated many companies providing IoT solutions in the Supply Chain and logistics space and found TagBox’s product offerings and solutions to be an unique blend of IoT, Machine Learning and close-loop AI.''

''Their ability to help organizations monitor, predict and prevent SKU health risk in the supply chain is a clear differentiator. We are happy to invest in and strategically partner TagBox as they continue to pursue bottomline impact for Fortune 1000 companies by improving their supply chain processes while leveraging them for our own group businesses. Our current investment in Tagbox is part of the initial set of investments being made in strategically relevant digital startups,”added Narasimhan. 

“Organizations across the globe are increasingly adopting IoT and Machine Learning solutions to improve their supply chains and operations. We are excited that TVS Motor’s worldwide operations and experiences will help make our product and value proposition stronger and highly differentiated”, said Adarsh Kumar, CEO of TagBox. Adarsh further added, “We have already delivered ROI from our IoT based predictive insights solutions for leading Retail, E-commerce, Pharma, F&B, Dairy and Manufacturing companies in India and APAC. We believe it is now time to scale our product globally.”

TRENDING NOW

TagBox plans to use the funds to strengthen product innovation and R&D while expanding its global footprint. TagBox will be continuing to invest in their BoxLens and AssetLens platforms and develop new predictive analytics and automation solutions to solve various customer use cases.

TVS Motor is a public listed company headquartered in India. A popular two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group. 

 

 

Written By: ZeeBiz WebTeam
Updated: Wed, May 08, 2019
11:01 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
TVS Motor slips nearly 3% despite auto firm reported inline December-quarter numbers TVS Motor slips nearly 3% despite auto firm reported inline December-quarter numbers
Two-wheeler stocks fall up to 3% amid valuation concerns; Hero MotoCorp gains Two-wheeler stocks fall up to 3% amid valuation concerns; Hero MotoCorp gains
TVS Motor says aiming for bigger market share in premium motorbike segment TVS Motor says aiming for bigger market share in premium motorbike segment
TVS Motor rolls out Apache RTR 160 4V with dual channel ABS; shares rise TVS Motor rolls out Apache RTR 160 4V with dual channel ABS; shares rise
TVS Motor registers 31% surge in November sales, dispatching 3,64,231 units TVS Motor registers 31% surge in November sales, dispatching 3,64,231 units

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x