Main Highlights
- Freight Tiger, a Mumbai-based SaaS business focused on the freight industry, announced a $6.5 million financing round headed by Florintree Infra.
- Their unique approach to software-led end-to-end digitalization is uniting the ecosystem and making the $125 billion Indian freight business more frictionless, collaborative, and transparent.
- Freight Tiger combines operational knowledge with a digital platform to improve every stage of the logistics process.
- Manufacturers and shippers can rely on Freight Tiger for complete visibility at all times and greater predictability of transportation time.
Freight Tiger, a Mumbai-based SaaS business focused on the freight industry, announced a $6.5 million financing round headed by Florintree Infra. Aroa Ventures, the family office fund of OYO founder Ritesh Agarwal, also participated. This round was also attended by existing investors Lightspeed India Partners, Moonstone Investments, and Pawan Munjal Family Trust.
Swapnil Shah, Founder and CEO of Freight Tiger, commented on the trend, saying, “We have seen a tremendous acceleration in adoption over the last 12 months on our software platform and digital freight network.” He also stated that their software platform had handled almost 4% of India’s FTL traffic. Their unique approach to software-led end-to-end digitalization is uniting the ecosystem and making the $125 billion Indian freight business more frictionless, collaborative, and transparent. Swapnil further stated that the company is on target to reach $100 million in annualized gross sales by the end of the current fiscal year.
Neutral Platform
Freight Tiger is constructing a SaaS-enabled digital freight network to assist clients – shippers and logistics service providers/transport firms — in moving faster, loading more, reducing empty miles, and reducing waste. Freight Tiger is now India’s largest neutral freight network. It combines operational knowledge with a digital platform to improve every stage of the logistics process. It serves as a neutral platform for both shippers and transportation businesses to expand their operations. End-to-end solutions to boost your logistics operations. Freight Tiger is dedicated to offering excellent service.
Benefits of using Freight Tiger
Manufacturers and shippers can rely on Freight Tiger for complete visibility at all times and greater predictability of transportation time. They have the information they need to plan distribution. Logistics service providers and transportation businesses use our network to improve vehicle use and payment cycles.
Drivers benefit from increased predictability in their schedules. Plant logistics managers and supply chain teams assure on-time and complete deliveries, while truck loading supervisors meet or exceed objectives. This allows them to save time, money, and build connections with all players in the freight ecosystem. They are dedicated to disrupting the market rather than the players.
They believe in all freight, no waste as a means to provide value to people’s lives. They exist not just to enhance financial outcomes for the logistics ecosystem, but also to simplify and improve the lives of individual logistics supply chain workers. In a nutshell, they are the end-to-end logistical network that allows firms to move quickly and do more.
Freight Tiger, which was founded in 2014, has over 300 shippers and 4,000 transport businesses on its network. Saint Gobain, Dalmia Group, JSW Steel, BLR Logistiks, Patanjali, Kohler, and MRF are among its customers. Lightspeed Venture Partners, Moonstone Investments, and Shriram Transport Finance are among the investors in Freight Tiger.
“I have personally witnessed Swapnil’s enthusiasm and drive to provide breakthrough value for his customers,” stated Mathew Cyriac, Executive Chairman of Florintree Advisors. He also stated that Freight Tiger is well-positioned to change India’s very complicated logistics business in the next few years. He is also looking forward to working with Swapnil and the other Freight Tiger board members during this exciting time for the company.
Mathew Cyriac, the former India head of Blackstone Private Equity, has overseen investments in Allcargo Global Logistics, Gateway Rail, International Tractors, MCX, MTAR Technologies, CMS Infosystems, Gokaldas Exports, FINO Payments Bank, and other companies via Florintree.
