Freight Tiger raises USD 8 mn in fresh round of funding
Logistics technology start-up Freight Tiger Tuesday said it has raised USD 8 million (about Rs 55 crore) from investors, led by Lightspeed Venture Partners along with Alsthom Industries and Pawan Munjal Family Trust.
The Mumbai-based business-to-business firm said after the fresh funding round, it plans to expand product and technology through artificial intelligence (AI) as well as machine learning and build industry-specific AI extensions on the platform.
"The current fundraising round and investors' confidence strengthen our vision to build an operating system that powers the entire logistics and freight ecosystem," Freight Tiger Chief Executive Officer and founder Swapnil Shah said in a statement.
Lightspeed India Managing Director Bejul Somaia said in the past couple of years, there has been rapid technology adoption by Indian enterprises and Freight Tiger has been at the forefront of powering supply chains for some of India's largest companies through its depth and breadth of ...