<ul data-eligibleForWebStory="false"><li>Kedaara Capital's proposal to acquire a stake in SmartShift Logistics Solutions, the parent company of on-demand logistics provider Porter, has been approved by the Competition Commission of India.</li><li>Mumbai-based Kedaara Capital is acquiring a stake in Porter through its affiliates Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF.</li><li>Porter recently raised $200 million in a Series F funding round co-led by Kedaara Capital, reaching a valuation of $1.2 billion, making it the third unicorn in 2025.</li><li>Porter, engaged in logistics services, packing, and moving, faces competition from companies like Shadowfax, Pidge, and cityXfer.</li></ul>

CCI Okays Kedaara Capital's Proposal To Acquire Stake In Porter

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