Liquidity Events
Tata Motors acquires addl stake worth Rs.14-Cr in logistics tech co. Freight Tiger from existing inv
Publicly listed Tata Motors is to invest an additional INR 120 crore in Mumbai-headquartered digital freight platform Freight Commerce Solutions, which operates under the brand name Freight Tiger , by subscribing to Series C Compulsorily Convertible Preference Shares (CCPS), and an additional INR 14 crore for acquiring 49,500 equity shares from existing shareholders. Post transaction, Tata Motors will hold between a 42% and 46% stake in the firm on a fully diluted basis.Founded in 2014 by Swapnil Shah, Freight Tiger provides an end-to-end transportation management system (TMS) connecting shippers, carriers, and fleet owners to a single digital marketplace. The fresh primary capital will be used to support Freight Tiger’s solutions to improve operational efficiency, provide actionable business intelligence, and streamline back-office workflows.
Between Sep 2017 and Apr 2021, Freight Tiger had attracted about USD 20 M from Aroa Ventures, Florintree, Lightspeed Ventures, Moonstone Investments, Volrado Ventures, and others. In Oct-23, Tata Motors had acquired a 26.79% stake from existing shareholders of Freight Tiger for INR 150 crore.
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