Freight Tiger, India’s leading B2B logistics technology startup, announced funding of 8 million USD. 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.
Mumbai-based Freight Tiger with offices in Bangalore and Delhi is a company building a real time logistics visibility and collaboration platform for the freight industry.
In order to ensure a strong ecosystem, Freight Tiger adopts a collaborative approach in the rapidly emerging space. It 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 and not be limited to only one part of it. Their goal is to empower key stakeholders to make better and faster decisions.
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.
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 digitize our operations and drive transformative customer service to our customers.
Bejul Somaia, Managing Director, Lightspeed India said
The past couple of years has seen rapid technology adoption by Indian Enterprises and Freight Tiger has been at the forefront of powering supply chains for some of India’s largest companies through its depth and breadth of software products. We look forward to partnering with the Freight Tiger team as they unlock new possibilities in one of the world’s largest logistics markets.
Shekhar Kulkarni, Head of Supply Chain Management at Saint Gobain – Gyproc Business said
We at Saint Gobain India Pvt Ltd., have been using the Freight Tiger platform for a while now and have realized the advantages of working with a dynamic startup that is trying to build an operating system for the logistics space. It has helped us focus on our core business processes and we have gained great insights on our business’ freight movement using their offerings. We look forward to deepen our cooperation with Swapnil and team Freight Tiger.
Freight Tiger is the largest logistics technology platform and network in the country today with 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.
Freight Commerce Solutions Pvt Ltd, the parent company of FT had earlier received seed investment from Shriram Transport Finance Corporation and Mathew Cyriac – former Co-CEO of Blackstone’s India Office. 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.
About Freight Tiger
Freight Tiger is a real time logistics visibility and collaboration technology platform. We bring 100% visibility into every freight transaction including shipments on market trucks and build a single version of truth for all the stakeholders involved. We help companies reduce their total logistics cost, provide visibility to their customers/trade partners for better customer service and improve safety. For premium customers, we provide comprehensive data analytics dashboard, control tower software and managed services where we provide skilled control tower manpower resources for exception and escalation handling. For more information, please visit Freight Tiger.