CCI approves MUFG Bank and Koch Group's investment in Shiprocket

Quick Summary:

The Competition Commission of India (CCI) has cleared two separate deals allowing KDT Venture Holdings, LLC, and MUFG Bank, Ltd., to acquire stakes in Shiprocket Private Limited.

KDT Venture Holdings, a U.S.-based early-stage venture capital firm and a subsidiary of Koch, Inc.

The logistics unicorn also said it managed to hit profitability for the first two quarters of the current financial year, and it remains on track to achieve full profitability by FY 2025.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Financial Privacy Year Data Terms Information Bank Policy Crore Koch Mufg

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 13:54:41 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 139 words

Reading Time: 1 minutes read

Sentences: 14 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24093482

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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