CCI approves the acquisition of certain shareholding in Shiprocket Private Limited by KDT Venture Holdings, LLC

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..... CCI approves the acquisition of certain shareholding in Shiprocket Private Limited by KDT Venture Holdings, LLC
News and Press Release
Dated:- 4-12-2024

The Competition Commission of Ind .....

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..... ia (CCI) has approved the acquisition of certain shareholding in Shiprocket Private Limited by KDT Venture Holdings, LLC The Proposed Combination envisages acquisition of certain shareholding in Ship .....

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..... rocket Private Limited (Shiprocket/Target) by KDT Venture Holdings, LLC (KDT/Acquirer). KDT is incorporated in the United States of America (US) and is an early-stage venture capital firm that invest .....

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..... s in startups in countries/ geographies including the US, Israel, and the United Kingdom in the healthcare, supply chain and manufacturing, cyber security, semiconductors, connectivity, fintech, enter .....

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..... prise software, and energy transformation sectors. KDT is a wholly owned subsidiary company of Koch, Inc. Shiprocket operates a logistics platform whereby it provides logistics services to other busi .....

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..... nesses, domestically and internationally, through logistics service providers listed on its platform. Detailed order of the Commission will follow.
News - Press release - PIB .....

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