Lightspeed, others put $8 million in Freight Tiger

BENGALURU: B2B logistics technology provider Freight Tiger has raised $8 million (around Rs 55 crore) in Series-A funding, led by Lightspeed Venture Partners, along with participation from Dalmia Group’s Alsthom Industries and the Hero Group managing director’s Pawan Munjal Family Trust.

The Mumbai-based firm offers a technology platform for real-time consignment tracking by integrating into the systems of the consigner, third-party logistics service provider as well as the consignee. Its solution can track orders from the time it is placed to the time of invoicing.

Freight Tiger plans to utilise the funding to strengthen its product portfolio by building sector specific customisations apart from growing its team and expanding to markets outside India.


“Part of the capital will go towards team and geographic expansion. However, the main focus would be to enhance the offering by building industry-specific products,” said Swapnil Shah, CEO of Freight Tiger.