Total amount raised
₹2.5 Billions
Latest funding date
10/1/2023
Location
Freight Tiger has successfully raised funding through multiple rounds, with notable investors including Tata Motors and Astarc Ventures. The platform offers a comprehensive suite of services, including real-time tracking, a cloud-based transportation management system, and digital procurement solutions.
Keep reading to explore the intricacies of Freight Tiger's fundraising journey and the investors backing this innovative platform.
What Is Freight Tiger?
Freight Tiger, founded in 2014 by Swapnil Shah, is headquartered in Mumbai, Maharashtra, India. The company specializes in providing simple, efficient, and transparent freight transactions through its digital freight network and cloud-based transportation management system.
With a team of 51-100 employees, Freight Tiger offers a range of services including real-time visibility of truck and material movement, digital procurement solutions, and managed services. Their platform connects the entire freight ecosystem, ensuring on-time and in-full delivery of freight.
Acquired by Tata Motors, Freight Tiger continues to innovate in the logistics sector, transforming commerce in India by offering end-to-end logistics visibility and deep analytics to enhance efficiency and reduce costs.
How Much Funding Has Freight Tiger Raised?
- Corporate Round
- Amount Raised: ₹1.5B
- Date: October 2023
- Lead Investors: Tata Motors
- Valuation at Round: ₹560 crore (approximately $67 million)
- Motivation Behind the Round: To create a comprehensive digital ecosystem for the logistics value chain.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Astarc Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance the logistics platform.
- Venture Round
- Amount Raised: ₹479M
- Date: September 2021
- Lead Investors: Florintree Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the customer base and improve service offerings.
- Venture Round
- Amount Raised: ₹550M
- Date: July 2019
- Lead Investors: Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance logistics visibility and analytics capabilities.
Total Amount Raised: $33 million. Current Valuation: $67 million.
Key Investors
- Tata Motors
- Details: Tata Motors is a leading global automobile manufacturer headquartered in Mumbai, India. It is part of the Tata Group, one of India's largest conglomerates.
- Investment Focus Areas: Automotive, commercial vehicles, electric vehicles.
- Notable Investments: Jaguar Land Rover, Tata Daewoo, Tata Hitachi.
- Astarc Ventures
- Details: Astarc Ventures is an early-stage venture capital firm based in Mumbai, India. It focuses on investing in innovative startups across various sectors.
- Investment Focus Areas: Technology, healthcare, logistics.
- Notable Investments: Freight Tiger, HealthifyMe, ShopKirana.
- Florintree Advisors
- Details: Florintree Advisors is a private equity firm based in Mumbai, India. It specializes in growth capital investments in mid-sized companies.
- Investment Focus Areas: Infrastructure, technology, financial services.
- Notable Investments: Freight Tiger, InCred, SAT Industries.
- Lightspeed India Partners
- Details: Lightspeed India Partners is a venture capital firm that invests in early and growth-stage technology companies in India. It is part of the global Lightspeed Venture Partners network.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: OYO, Byju’s, Udaan.
- Eastern Pacific Shipping’s Venture Capital Arm
- Details: The venture capital arm of Eastern Pacific Shipping focuses on investing in innovative technologies in the maritime and logistics sectors. It aims to drive digital transformation within the industry.
- Investment Focus Areas: Maritime technology, logistics, digital transformation.
- Notable Investments: Freight Tiger, Nautilus Labs, Shone.
What's Next for Freight Tiger?
Freight Tiger's future looks promising with the strategic partnership with Tata Motors. This collaboration aims to create a comprehensive digital ecosystem for the logistics value chain, leveraging Tata Motors' resources and expertise. The potential additional investment of INR 100 Cr over the next two years further underscores the growth opportunities available.
As the logistics SaaS space continues to attract investor interest, Freight Tiger is well-positioned for future fundraising opportunities. However, integrating operations with Tata Motors and navigating the competitive landscape will be critical challenges. The company's ability to meet strategic goals and enhance service offerings will determine its success in this evolving industry.
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