Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 Crores. The SSA permits Tata Motors to invest Rs 100 Crores over two years at the current market value.
‘Freight Tiger’ is a digital platform that offers end-to-end logistics value chain solutions for cargo movement in India. It connects shippers, carriers, logistics service providers, and fleet owners to a single marketplace, simplifying freight booking and management. The platform offers Software as a Service (SaaS) solutions for freight tracking, assignment, carrier matching, documentation, and payment processing.
Tata Motors’ strategic investment in ‘Freight Tiger’ will accelerate its initiatives in truck and freight ecosystem efficiency. Together, these innovative solutions aim to create a comprehensive end-to-end digital ecosystem for the entire logistics value chain. Mr. Swapnil Shah, Founder & CEO of ‘Freight Tiger’ said, “With such incredible backing and expertise, the company is strategically positioned to lead India’s efforts in reducing logistics costs to under 10% of GDP from over 14%.”
