MUFG (Mitsubishi UFJ Financial Group) is a financial services group headquartered in Tokyo
Koch Group with its subsidiary and venture capital firm KDT (Koch Disruptive Technologies) Venture Holdings is eyeing stakes in logistics unicorn
Shiprocket recently reported that it is well on track to achieve profitability by FY2025
Japan-based MUFG Bank and US-based conglomerate Koch Group have approached the Competition Commission of India (CCI) for an approval to pick up minority stakes in logistics unicorn Shiprocket.
“The proposed transaction entails the acquisition of minority shareholding of the shiprocket
by the MUFG Bank,” as per the notice filed with the CCI.
While MUFG (Mitsubishi UFJ Financial Group) is a financial services group headquartered in Tokyo, Koch Group with its subsidiary and venture capital firm KDT (Koch Disruptive Technologies) Venture Holdings is eyeing stakes.
Inc42 has reached out to Shiprocket for a comment on the development. The story will be updated on receiving a response.
(The story will be updated soon)
