Logistics startup Freight Tiger gets $8 million funding boost

July 3, 2019: Mumbai-based logistics technology startup Freight Tiger has received a funding of $8 million. The funding round is led by Lightspeed Venture Partners with participation from Alsthom Industries (one of the Dalmia Group Companies) and Pawan Munjal Family Trust.

Following this funding round, Freight Tiger plans to connect with more customers, expand its product and technology through Artificial Intelligence as well as Machine Learning and build industry specific AI extensions on the platform.

It currently has a network of over 170 customers including some of the largest consignors/manufacturers such as Saint Gobain, JSW Steel, Apollo Tyres and leading logistics companies such as BLR Logistiks and several 3PLs.

Swapnil Shah, CEO and founder, Freight Tiger said, "We are keen on building an internationally transformative company. We have built a world-class multidisciplinary team with technology, operations and product backgrounds to make a significant impact. The current fundraising round and investors' confidence strengthens our vision to build an operating system that powers the entire logistics and freight ecosystem."

Freight Tiger works closely with 3PLs, logistics service companies/transporters and consignors. Close collaborations with leading brands and manufacturers allow Freight Tiger to focus on end to end supply chain. It also has offices in Bengaluru and Delhi.

Ashok Goyal, managing director, BLR Logistiks said, "We have been working with the Freight Tiger team for the past several years and impressed by their customer centricity. They have been a great technology partner and a neutral platform in our goal to digitise our operations and drive transformative customer service to our customers." BLR Logistiks is one of the premier logistics and transportation companies in the country.

Freight Commerce Solutions Pvt Ltd, the parent company of Freight Tiger had earlier received seed investment from Shriram Transport Finance Corporation and Mathew Cyriac, former co-CEO of Blackstone's India Office.