Wiz Freight announces Rs 275 cr Series A funding led by Tiger Global

Wiz Freight, a full-stack digital cross-border supply chain start-up, has raised a Series A funding of Rs 275 crore in a mix of equity and debt led by Tiger Global with participation from Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures, and Alteria Capital. The investment marks the largest Series A funding in Indian logistics. With the new investment, the company plans to accelerate its technology R&D and global expansion into Southeast Asia, the Middle East, and Africa.
Founded in August 2020 in Chennai by serial entrepreneurs Ramkumar Govindarajan and Ramkumar Ramachandran, Wiz helps exporters and importers in emerging markets book and manage their cross-border shipments on its tech platform with e-commerce-like convenience. Wiz’s AI-powered platform offers instant capacity discovery, dynamic pricing, optimised routing, door-to-door tracking, and automated document workflows, saving countless hours for shippers.