10/24/23, 11:29 AM logistics startup: Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150

ight Tiger for Rs 150 crore - The Economic Times

English Edition | 24 October, 2023, 11:29 AM IST | Today's Paper

Tata Motors to acquire 27% stake in logistics

startup Freight Tiger for Rs 150 crore
ETtech Last Updated: Oct 19, 2023, 09:10 PM IST

Synopsis
This comes as the Tata Group company looks to accelerate its presence in the truck and
freight ecosystem. ‘Freight Tiger’ is a digital platform that provides end-to-end logistics
value chain solutions for cargo movement in the country.

ETtech

Swapnil Shah, founder and CEO of Freight Tiger

Tata Motors Ltd on Thursday said it will buy a 26.79% stake in digital logistics
solutions platform Freight Tiger for Rs 150 crore, with an additional
investment of Rs 100 crore planned over the next two years.

Freight Tiger, backed by private equity firm Florintree and venture capital firm
Lightspeed, provides end-to-end logistics value chain solutions for cargo
movement. The startup reported revenue of Rs 19 crore in FY23, compared to
Rs 15.4 crore in FY22.

In a statement, Tata Motors said the strategic investment in Freight Tiger will
accelerate its initiatives in driving "effectiveness and efficiency in the truck
and freight ecosystem". The Tata Group company has already introduced its
connected vehicle platform Fleet Edge for aiding fleet operations
management.

"Together, these innovative solutions (Fleet Edge and Freight Tiger) aspire to
forge a comprehensive end-to-end digital ecosystem for the entire logistics
value chain, covering both the truck and the trip ecosystem thereby bringing
significant benefits to shippers, brokers and transporters who keep India

https://economictimes.indiatimes.com/tech/technology/tata-motors-to-acquire-27-stake-in-logistics-startup-freight-tiger-for-rs-150-crore/printarticle/104559056.… 1/2
10/24/23, 11:29 AM logistics startup: Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150 crore - The Economic Times

moving," said in a statement.

Tata Motors said it expects the acquisition to be completed by November 15.

"At Tata Motors, we are committed to transforming the road logistics industry
with our innovative solutions and services. We believe that by playing a larger
and deeper role in bringing all the stakeholders together to improve road
logistics efficiency, we can create value for our core customers: the fleet
owners,” said Girish Wagh, executive director, Tata Motors.

The Mumbai-based platform, which connects shippers, carriers, logistics

service providers, and fleet owners to a unified digital marketplace, claims to
facilitate more than 10 million trips on an annualised basis.

With Tata Motors’ backing, Swapnil Shah, founder & CEO of Freight Tiger said
the company is “strategically positioned” to lead India's efforts in reducing
logistics costs to under 10% of GDP from over 14%.

https://economictimes.indiatimes.com/tech/technology/tata-motors-to-acquire-27-stake-in-logistics-startup-freight-tiger-for-rs-150-crore/printarticle/104559056.… 2/2