<ul><li>Japan-based MUFG Bank and US-based conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in logistics unicorn Shiprocket.</li><li>Shiprocket's operating revenue increased by 20.8% to INR 1,316 Cr in FY24, but its bottom line growth suffered a 74.4% slump due to one-time restructuring and integration-related accounting impact.</li><li>Shiprocket, founded in 2017, is an aggregator of third-party logistics companies and operates with 17 courier partners. It recently piloted a D2C marketplace called Zop.</li><li>MUFG Bank and Koch Group's stake acquisition in Shiprocket is subject to approval from the CCI.</li></ul>

MUFG Bank, Koch Group Seek CCI Approval For Stake In Shiprocket

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