Wiz Freight, a full-stack digital cross-border supply chain startup raised a Series A round of $36 million in a mix of equity and debt led by Tiger Global Management with participation from Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures, and Alteria Capital.
The investment marks the largest Series A funding in Indian logistics. The capital will be used to accelerate its technology R&D and global expansion into Southeast Asia, the Middle East, and Africa.
Wiz claims to be the only digital player in the emerging markets to work directly between carriers and shippers by adopting a full-stack execution model offering significant cost savings and operational reliability to enterprise customers.