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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CI approves the acquisition of certain shareholding in Shiprocket Private Limited by KDT Venture Holdings, LLC <br>News and Press Release<br>Dated:- 4-12-2024<br><BR>The Competition Commission of Indi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a (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 Shipr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ocket 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 invests....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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, enterp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rise 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 busin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

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