• Freight Tiger has raised Rs 120 crore ($13.5 million) in a Series C funding round from Tata Motors, who is also purchasing Rs 14 crore worth of equity shares from existing shareholders in secondary transactions. This investment follows Tata Motors' initial investment of Rs 150 crore in October 2023 for a 26.79% stake.
• The additional investment will increase Tata Motors' stake in Freight Tiger to approximately 42-46% and brings their total investment in the company to nearly Rs 284 crore across two rounds. Freight Tiger plans to use the new funding to develop AI-powered solutions for improved operational efficiency and streamlined workflows.
• While Freight Tiger claims "no markdown" in this round, the secondary transaction's share price of Rs 2,828 is 25% lower than the Rs 3,762.03 per share Tata Motors paid in 2023, indicating a lower pre-money valuation. This lower valuation means Series B investors are likely facing paper losses, while Series A investors, like Lightspeed, may still be in the green.
• Freight Tiger's revenue grew by 49% to Rs 26.6 crore in FY25, following a previous drop, but the company has accumulated losses of Rs 257 crore over the past six years, with a net loss of Rs 92.42 crore in FY24. The company's platform connects shippers, carriers, and logistics providers to streamline freight management.

Malvika Maloo

Freight Tiger, a logistics-tech startup that counts venture capital firm Lightspeed India Partners, Pawan Munjal Family Office and Mathew Cyriac’s Florintree Advisors among its investors, has raised fresh capital in a down round, VCCircle has gathered.

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Freight Tiger, a logistics-tech startup that counts venture capital firm Lightspeed India Partners, Pawan Munjal Family Office and Mathew Cyriac&rsquo;s...

Freight Tiger

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Florintree Advisors

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