Tata Motors Limited has made a follow-on investment in Freight Tiger (Freight Commerce Solutions Private Limited) by way of a combination of primary investment of ₹120 crore through subscription to compulsorily convertible preference shares and secondary investment of around ₹14 crore through purchase of equity shares.
TT&A advised Tata Motors on this investment deal.
The transaction team consisted of Sachin Mehta (Partner), Pooja Menon (Managing Associate), Ambika Sahai (Managing Associate), Divya Kumar (Senior Associate) and Radhika Sarda (Associate).
In 2023, the Firm had advised Tata Motors on a ₹150 crore investment in Freight Tiger.
S&R Associates represented Freight Tiger on this transaction.
The transaction team was led by Kinnari Sanghvi (Partner) and included Varun Yadav (Senior Associate) and Sourav Kumar (Associate).
Hreem Legal represented the Founder of Freight Tiger on this transaction.
Founded by Swapnil Shah, Freight Tiger is a logistics technology company which operates the largest neutral freight network in India, combining operational expertise with a digital platform to create an intelligent ecosystem for the logistics industry. The Freight Tiger platform is designed to ensure that freight is delivered on time and in full, leveraging end-to-end logistics visibility and a cloud-based transportation management system (TMS).
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