Total amount raised
₹2.5 Billion
Latest funding date
10/1/2023
Location
Freight Tiger has successfully raised funding over four rounds, with notable participation from Tata Motors. The platform offers end-to-end logistics visibility and a cloud-based Transportation Management System, powering India's largest Digital Freight Network.
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, based in Mumbai, Maharashtra, India, is a prominent player in the logistics and transportation management industry. The company focuses on developing software solutions for freight management, truck tracking, and indent management.
With an employee count ranging from 51 to 100, Freight Tiger has built a robust platform that offers end-to-end logistics visibility and a cloud-based Transportation Management System. This innovative approach powers India's largest Digital Freight Network, ensuring on-time and in-full delivery of freight.
How Much Funding Has Freight Tiger Raised?
- Corporate Round
- Amount Raised: INR 550,000,000 (approximately $7.4 million)
- Date: July 2019
- Lead Investors: Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the logistics platform.
- Series Unknown
- Amount Raised: INR 479,000,000 (approximately $6.5 million)
- Date: September 2021
- Lead Investors: Astarc Ventures, Florintree Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the client base and service offerings.
- Corporate Round
- Amount Raised: INR 1,500,000,000 (approximately $20.2 million)
- Date: October 2023
- Lead Investors: Tata Motors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Corporate Round
- Amount Raised: INR 1,200,000,000 (approximately $16.2 million)
- Date: September 2025
- Lead Investors: Tata Motors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and create a comprehensive digital ecosystem for logistics.
Total Amount Raised: $50.3 million. Current Valuation: $67 million.
Key Investors
- Tata Motors
- Details: Tata Motors is a leading global automobile manufacturer based in India. It has a significant presence in the commercial vehicle sector and is known for its innovative automotive solutions.
- Investment Focus Areas: Automotive, logistics, technology.
- Notable Investments: Freight Tiger, Tata Daewoo, Jaguar Land Rover.
- Lightspeed India Partners
- Details: Lightspeed India Partners is a venture capital firm that invests in early and growth-stage startups in India. It is part of the global Lightspeed Venture Partners network.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: OYO, Byju's, Udaan.
- Astarc Ventures
- Details: Astarc Ventures is an early-stage venture capital firm based in India. It focuses on supporting innovative startups across various sectors.
- Investment Focus Areas: Technology, logistics, consumer.
- Notable Investments: Freight Tiger, ShopKirana, Chai Point.
- Florintree Advisors
- Details: Florintree Advisors is an investment firm that provides growth capital to companies in various sectors. It is known for its strategic investments in infrastructure and logistics.
- Investment Focus Areas: Infrastructure, logistics, technology.
- Notable Investments: Freight Tiger, InCred, Fincare Small Finance Bank.
- Eastern Pacific Shipping’s Venture Capital Arm
- Details: The venture capital arm of Eastern Pacific Shipping focuses on investing in innovative technologies within the shipping and logistics sectors. It aims to enhance operational efficiency and sustainability.
- Investment Focus Areas: Shipping, logistics, technology.
- Notable Investments: Freight Tiger, Orca AI, Shone.
What's Next for Freight Tiger?
Freight Tiger's future looks promising with the strategic partnership with Tata Motors, which aims to create a comprehensive digital ecosystem for the logistics value chain. This collaboration offers significant opportunities to leverage Tata Motors' expertise and resources, potentially reducing logistics costs in India and scaling operations.
Future fundraising opportunities are bright, with Tata Motors reserving the right to invest an additional INR 100 Cr over the next two years. The logistics SaaS space is attracting increased investor interest, which could lead to further funding rounds and strategic acquisitions to enhance capabilities and market reach.
However, challenges remain, such as integrating with Tata Motors' strategic goals and facing competition from other well-funded logistics platforms. Maintaining growth and innovation while scaling operations will be crucial for Freight Tiger's continued success.
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