New Delhi, <keyword id="42747" type="General" weightage="80" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> on Thursday said it has inked a pact to acquire a 26.79 per cent stake in digital platform <keyword id="6372183" type="General" weightage="100" keywordseo="freight-tiger" source="Orion">Freight Tiger</keyword> for Rs 150 crore. The company and Freight Commerce Solutions have signed a securities subscription agreement (<keyword id="53505" type="General" weightage="50" keywordseo="ssa" source="Orion">SSA</keyword>) and a shareholders agreement (SHA) for the acquisition of the stake in Freight Tiger, the Mumbai-based auto major said in a regulatory filing. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 crore over the next two years, at the then prevailing market value, it added. Freight Tiger is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country. The platform connects shippers, carriers, logistics service providers and fleet owners to a single digital marketplace, making it easy to find, book and manage freight whilst offering a variety of software as a service (SaaS) solutions to digitise and streamline logistics interactions such as freight tracking, assignment, carrier matching, documentation, and payment processing. The platform facilitates more than 10 million trips on annualised basis and has been integrating and ironing out inefficiencies in cargo movements over the last 7 years. "We are committed to transforming road logistics industry with our innovative solutions and services. We believe that by playing a larger and deeper role in bringing all the stakeholders together to improve road logistics efficiency, we can create value for our core customers: the fleet owners," Tata Motors Executive Director <keyword id="6427444" type="General" weightage="50" keywordseo="girish-wagh" source="Orion">Girish Wagh</keyword> said. Freight Tiger founder and CEO <keyword id="137431" type="General" weightage="50" keywordseo="swapnil-shah" source="Orion">Swapnil Shah</keyword> said software-led approaches are the lever to transform existing industry assets and supercharge them to work more efficiently for all stakeholders.

Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

<keyword id="129119" type="General" weightage="100" keywordseo="guinness-world-records" source="Orion">Guinness World Records</keyword> has recognised a compilation of over 42 lakh essays on valiant Ahom general <keyword id="1385246" type="General" weightage="80" keywordseo="lachit-borphukan" source="Orion">Lachit Borphukan</keyword> as the "largest online photo album of handwritten notes". <keyword id="4169281" type="General" weightage="80" keywordseo="swapnil-dangarikar" source="Orion">Swapnil Dangarikar</keyword>, the adjudicator of Guinness World Records here, handed over the official letter of recognition to Assam Chief Minister <keyword id="90408" type="General" weightage="80" keywordseo="himanta-biswa-sarma" source="Orion">Himanta Biswa Sarma</keyword> on Thursday. The entries, made in over 25 languages, were uploaded to a portal in October-November last year, launched as part of the 400th birth anniversary celebrations of Borphukan. Only the handwritten entries were considered for the world record. The state government marked the conclusion of the birth anniversary celebration with a series of programmes in November last year, with the finale held in New Delhi and attended by Prime Minister <keyword id="6354477" type="General" weightage="80" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> and Union Home Minister Amit Shah, among others. Borphukan is known for his leadership in the 1671 'Battle of Saraighat' on Brahmaputra that thwarted a drawn-out attempt by the mighty Mughal forces, led by Raja Ramsingh-I, to take back Assam. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sebi-extends-deadline-till-mar-15-to-submit-public-comments-on-proposal-on-reits-invits-sponsors/articleshow/98512451.cms">SEBI extends deadline till Mar 15 to submit public comments on proposal on REITs, InvITs sponsors</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/fpis-continue-to-be-bearish-on-oil-gas-power-stocks-in-february-offload-equities-worth-7821-crore-in-the-two-sectors/articleshow/98511897.cms">FPIs continue to be bearish on oil &amp; gas, power stocks in February, offload equities worth ₹7,821 crore in the two sectors</a>

42 lakh essays on Ahom hero Lachit Borphukan enters Guinness World Records

<ul><li><keyword id="356967" type="General" weightage="100" keywordseo="rigi" source="Orion">Rigi</keyword> raised $25 million across three rounds conducted within the last 14 months. </li><li>The startup helps creators and influencers grow, monetize and manage their content. </li><li>The company plans to use the funds to expand into newer categories and geographies. </li></ul>Rigi, a platform which allows creators and influencers to manage and monetize their communities, said on Wednesday that it raised ₹100 crore. The startup calls it Series A extension round, and is led by Elevation Capital; with participation from Accel, Stellaris and <keyword id="270604" type="General" weightage="50" keywordseo="sequoia" source="Orion">Sequoia</keyword> among others. Angel investors such as former cricketer <keyword id="10138" type="General" weightage="50" keywordseo="mahendra-singh-dhoni" source="Orion">Mahendra Singh Dhoni</keyword>, Kunal Shah (founder of Cred), Amit Agarwal (founder of NoBroker), <keyword id="11361219" type="General" weightage="50" keywordseo="chakradhar-gade" source="Orion">Chakradhar Gade</keyword> (co-founder at <keyword id="7010225" type="General" weightage="50" keywordseo="country-delight" source="Orion">Country Delight</keyword>), <keyword id="13699074" type="General" weightage="50" keywordseo="sharan-hegde" source="Orion">Sharan Hegde</keyword> ( CEO of The 1% Club) also invested in the round. Founded in 2021 by Swapnil Saurav and Ananya Singhal, Rigi focuses on knowledge creators in areas such as education, fitness, gaming etc. It provides them with an end-to-end ecosystem to manage their communities, with a focus on monetisation. It provides tools such as subscription management, courses, live workshops, paid one-to-one interactions and integration with social platforms. Rigi raised $25 million across three rounds in the last 14 months. It plans to use the latest funds raised to expand into newer categories and geographies. “Creator economy is a new paradigm of employment. It is here to stay in India, South East Asia, and globally. But this is a nascent ecosystem. All creators need tools to be more efficient and to grow. Rigi has created a world class suite of products that creates a 10X positive impact on the creator businesses,” Prayank Swaroop at Accel India said. Since its inception in October 2021, Rigi claims to have helped over 10,000 creators in over 30 categories. Recently, it also expanded to Indonesia. “Knowledge creators in various fields, including education, health and fitness, skills training, and gaming are sought out by users for specialized advice on these topics. Users are now willing to pay these creators for personalized advice rather than relying on a generic, one-size-fits-all approach. Our goal is to support these creators in this aspect of their journey, so they can focus on what they do best: adding value to their audiences' lives,” Swapnil Saurav, co-founder of Rigi said. Globally, the creator economy is estimated to be worth over $100 billion, according to estimates provided by Rigi. "At Elevation, we have been firm believers of the growth potential of the creator economy as demonstrated by our past investments in companies such as Sharechat, <keyword id="16247668" type="General" weightage="50" keywordseo="turnip-and-headfone" source="Orion">Turnip and Headfone</keyword>. In just under two years of their existence, Rigi has enabled thousands of creators to become entrepreneurs — a testament to the unparalleled customer love they have received,” Mayank Khanduja, partner at Elevation Capital said. Ananya and Swapnil, both batchmates from BITS Pilani, had previously founded HalaPlay, which was acquired by <keyword id="125145" type="General" weightage="50" keywordseo="nazara-technologies" source="Orion">Nazara Technologies</keyword> and Delta Corp in 2020. While working with social media influencers at HalaPlay, they recognized the growing presence of online creators and the potential of influencers' communities, which led them to establish Rigi. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/iit-startup-solinas-integrity-working-to-end-manual-scavenging-in-india-wins-big-on-shark-tank/articleshow/97296983.cms">The IIT-Startup working to end manual scavenging in India wins big on Shark Tank</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/list-of-top-20-richest-people-in-the-world/amp_articleshow/74475220.cms">Elon Musk, Warren Buffet, Gautam Adani, Mukesh Ambani &amp; more - World’s Top 20 richest people - Business Insider India</a>

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Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

PTI

42 lakh essays on Ahom hero Lachit Borphukan enters Guinness World Records

PTI

Rigi raises ₹100 cr from Elevation Capital, MS Dhoni, Cred’s Kunal Shah & more

Eetika Kapoor