Tata Motors and Freight Tiger have signed a Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) for a 26.79% stake in the company for Rs 150 Crores, with a provision for Tata Motors to invest Rs 100 Crores over two years at the current market value.
Freight Tiger is a digital platform that offers end-to-end logistics solutions for cargo movement in the country. It connects shippers, carriers, logistics service providers, and fleet owners to a single marketplace, making it easy to find, book, and manage freight. The platform offers Software as a Service (SaaS) solutions for freight tracking, assignment, carrier matching, documentation, and payment processing.
Over the past 7 years, it has successfully integrated and eliminated inefficiencies in cargo movements. Tata Motors has introduced ‘Fleet Edge’ and ‘Freight Tiger’, two innovative solutions aimed at improving fleet operations management and truck and freight efficiency. These digital ecosystems aim to benefit shippers, brokers, and transporters in India, thereby enhancing the truck and trip ecosystem. Mr. Swapnil Shah, Founder & CEO of ‘Freight Tiger’ commented, “With such incredible backing and expertise, the company is strategically positioned to lead India’s efforts in reducing logistics costs to under 10% of GDP from over 14%.”
