Tata Motors ups stake in logistics tech co. Freight Commerce Solutions to 64%

Pune-based, publicly listed Tata Motors is to acquire an additional 18% stake in Mumbai-based B2B (business-to-business) logistics technology company Freight Tiger for INR 95.66 crore. (The latest tranche included secondary purchase from PE-VC investors Lightspeed Ventures and Florintree, apart from founder Swapnil Shah). Following the completion of the acquisition, Tata Motors will hold a 63.6% stake in Freight Tiger, which will subsequently operate as a subsidiary of the company.TT&A advised Tata Motors and S&R Associates advised Freight Tiger and Swapnil Shah. Shardul Amarchand Mangaldas & Co. advised selling shareholder Lightspeed India Partners, and Agram Legal Consultants advised selling shareholder Florintree Infra on this transaction.Founded in 2014, Freight Tiger provides an end-to-end transportation management system (TMS) connecting shippers, carriers, and fleet owners to a single digital marketplace. The fresh primary capital will be used to improve operational efficiency, provide actionable business intelligence, and streamline back-office workflows.