Chennai: Logistics aggregator app TYGR, bagged its pre-series A funding of $3million, from lead investor, Franchise India, a franchise and retail solution provider and other investors. This fund will be utilised for marketing, product development, and to expand the franchisee-led distribution network in India and globally.

TYGR automates passengers, delivery, logistics and specialty vehicles by integrating big data analytics and Internet of Things into day-to-day transportation, making it easy to plan, hire, track and pay for needs of individuals and businesses. TYGR has real-time tracking and monitoring of commercial vehicles already operational in Kolkata. The app is now expanding pan-India, as well as, UK, Canada, Greece and Singapore in the coming months.

TYGR started with monitoring of 2,000 cabs and 500 bikes in Kolkata, earlier this year, and now has automated various mode of transport – cabs, bikes, ambulances, trucks, buses, delivery and logistics in the city.

“TYGR will disrupt the industry by making transportation services as easy and efficient as booking a taxi over the phone. TYGR’s easy-to-use interface and highly configurable back-end means the platform can adapt itself to different transport verticals and the specific needs of each region,” says Dipanjan Purkayastha, Co-Founder & MD, TYGR App.

Gaurav Marya, Chairman, Franchise India said, “TYGR’s business is unique in the sense that it is bound by technology, driven by diversity and enabled by entrepreneurship”.

TGYR will work on a franchisee model wherein it will identify local franchises in the transport sector to help expand its operations, who in turn will hire a cluster of local franchises to get in touch with vehicle owners and onboard them. In return, these local franchises will allow them to use the TYGR app by automating their vehicles and charge licensing fees.

Source: Times of India