Freight Tiger raises $6.5mn led by Mathew Cyriac's Florintree

Freight Tiger, India’s largest digital freight network has announced today it has raised $6.5mn led by Florintree Infra. The round also saw participation from Oyo Founder, Ritesh Agarwal’s family office Aroa Ventures and existing investors Lightspeed India Partners, Moonstone Investments and Pawan Munjal Family Trust.

Mathew Cyriac is credited with building Blackstone’s Private Equity business in India where he led investments in Allcargo Global Logistics, Gateway Rail, International Tractors, MCX, MTAR Technologies, CMS Infosystems, Gokaldas Exports, FINO Payments Bank and more.

Founded by Swapnil Shah, Freight Tiger in less than 4 years has grown to become India’s largest digital freight network. Its approach to logistics has been unique in the way that the company thrives on collaboration and inclusivity amongst all stakeholders. Taking this a step further, Freight Tiger today is building a first-of-its-kind SaaS-enabled digital freight network that will help customers - both shippers and logistics service providers/transport companies, move fast, load more, reduce empty miles and reduce waste.

Mathew Cyriac, Executive Chairman, Florintree Advisors, said, “I have closely experienced Swapnil’s passion and commitment to deliver breakthrough value for his customers. Freight Tiger is well positioned to transform the very complex Indian logistics sector in the next few years. I am looking forward to working with Swapnil and the other Board members in this exciting phase of Freight Tiger.”

Freight Tiger currently has over 300+ shippers and 4000+ transport companies on its platform. Some of the company’s customers include Saint Gobain, Dalmia Group, JSW Steel, BLR Logistiks, Patanjali, Kohler, and MRF among others.