Tiger Logistics, a leading global logistics solutions provider in India, has introduced CUBOX, an innovative Less-than-Container Load (LCL) consolidation service. Designed to support freight forwarders and logistics companies, CUBOX offers a streamlined solution for LCL exports and imports. The service aims to address the growing demand for cost-effective and dependable international ocean freight, particularly in India's expanding LCL market, according to an official release from Tiger Logistics.

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Tiger Logistics launches CUBOX to tap India’s growing LCL market
www.itln.in

Tiger Logistics launches CUBOX to tap India’s growing LCL market

Through CUBOX, the company aims to generate over INR 100 crore annually by targeting B2B markets in Western and Northern India.

Tiger Logistics (India) announced that its board members have given an in-principle approval of fundraising aggregating amounts of up to ₹400 crores by issuance of equity shares, convertible instruments, or other permissible securities to finance the business growth plan.

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Tiger Logistics to raise ₹400 cr to fund business growth plan
www.itln.in

Tiger Logistics to raise ₹400 cr to fund business growth plan

Tiger is planning to get into EV logistics and NVOCC business as well as expand to new geographies including the Middle East, East Asia and South America.