CCI nod for logistics Startup Rivigo’s acquisition by Warburg-Managed SCIL


Content Team
Image Credit: shortpedia

CCI has approved the acquisition of Gurugram-based logistics startup Rivigo by Spring Canter Investment Ltd (SCIL) through the subscription of compulsorily convertible preference shares. SCIL is an investment holding company incorporated under the laws of Mauritius and does not have any physical presence in India. Its shareholders are certain private equity funds managed by Warburg Pincus LLC (Warburg).