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CCI Clears Strategic Moves: Kedaara Invests in SmartShift, UBS Transfers Assets to 360 ONE

Updated: July 08, 2025 18:29

Image Source: Linkedln
India’s Competition Commission (CCI) has approved two major transactions that signal continued momentum in the country’s financial and logistics sectors. The green lights were given to Kedaara Capital’s stake acquisition in SmartShift Logistics and to 360 ONE entities’ purchase of select UBS AG businesses.
 
Key highlights of the SmartShiftKedaara deal
 
  • Kdaara Sapphire Holding and Kedaara Capital Fund IV AIF will acquire a significant stake in SmartShift Logistics Solutions Pvt Ltd, the parent company of logistics unicorn Porter
  • The investment is part of Porter’s Series F funding round, coled by Kedaara and Wellington Management, aimed at expanding operations across India and abroad
  • CCI noted no horizontal or vertical overlaps, clearing the deal under the green channel route
UBS360 ONE transaction details
  • UBS AG will transfer parts of Credit Suisse’s Indian wealth management and stock broking operations to 360 ONE entities
  • The deal includes UBS acquiring a 4.95% stake in 360 ONE WAM via warrants, with portfolio management services shifting to 360 ONE Portfolio Managers and broking to 360 ONE Distribution Services
  • CCI found no adverse impact on competition, enabling seamless approval
Strategic implications
  • Porter aims to serve over 1 million gig workers and millions of MSMEs, reinforcing India’s digital logistics backbone
  • 360 ONE strengthens its position in wealth management, integrating global expertise with local reach
  • Both deals reflect investor confidence in scalable, techdriven platforms and India’s regulatory clarity
Sources: Competition Commission of India, Economic Times, Devdiscourse, Kedaara Capital, Porter, 360 ONE WAM.

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