Tiger Logistics India associates with 'Digital Logistics Platform'; Stock rises 2%

26 Apr 2022 , 11:44 AM

Tiger Logistics Ltd is all set to launch its cutting-edge price discovery and supply-chain automation platform. With this new segment, Tiger Logistics will help exporters and importers to instantly book their freight, automate their documentation process, keep track of their shipments, and manage payments all in one platform.

In the process, it will save hours of manual work, countless email exchanges and experience a fully transparent shipping process. In its first rendition, the full-stack platform will offer cross-border solutions for ocean and air shipments, along with first-mile, last-mile delivery and customs clearance.

Highly unorganized, the shipping industry is wrought with inefficiencies globally. Backed by industry knowledge and experience, and an accomplished tech partner, Tiger is prepared to change this.

Further, the company is associating with one of the leading global tech leaders to bring this platform. It will surely revolutionize the freight industry, starting with the Indian market, and then taking it to other developing nations. Once the pilot is kicked off, the platform will also incorporate cargo insurance and cargo financing among other features so as to become a one-stop solution for all shipping requirements.

“Historically the freight industry has been broken, with manually run operations. With this digital transformation, Tiger hopes to offer its customers a seamless shipping solution, one that is customer-first, and deconstructs the jargon,” said Harpreet Singh Malhotra, MD.

At around 11:47 AM, Tiger Logistics (India) was trading at Rs252 apiece up by 2.09% on the BSE.