International Finance corporation (IFC), a worldbank member has invested $10 million in Power2SME, a first ‘Buying Club’ for the small and medium enterprises in India. In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current 14 states, improve its ability…
Tag: IFC
IFC to increase focus on India by backing early-stage venture capital funds
As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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Start-up Ecolirium Energy raises $2.6m from Infuse Ventures Inc & JLL Technology Ventures
Ahmedabad-based Ecolibrium Energy has just raised $2.6 Mn (INR 18 Cr) in funding from Infuse Ventures Inc, JLL Technology Ventures and an anonymous angel investor. Ecolibrium Energy is a cleantech start-up with an IoT product – SmartSense. The investment will be used to expand the company’s inter…
Small finance bank RGVN to raise $20 mn from IFC
RGVN, one of the 10 recipients of the small finance bank (SFB) license, will raise around $20 million (approximately Rs 130 crore) from the International Finance Corporation (IFC). IFC, the World Bank’s investment arm, said that it would invest up to $20 million in RGVN in the form of a sen…
VC investments dip 21% in 2016; IT stays favourite segment
Venture Capital firms made 405 investments in India, worth $1.4 billion during 2016 as compared to 512 deals worth $2 billion in 2015, which is 21% lower in volume terms and 28% lower in value as compared to the all-time highs of 2015, according to a data from Venture Intelligence. With 304 inves…
Why ‘Make in India’ is so imperative to India’s Growth
Make in India is an initiative of the Government of India. It was launched by the Indian Prime Minister, Narendra Modi on 25 September 2014. Under the ‘Make in India’ initiative, the government has, since its inception, announced several steps to improve the business environment by ea…
IFC Leads Rs. 400 Crores Series D Investment in Lenskart
IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 crores Series D investment round which also…
Scope for Indian companies to invest in Africa: Agriculture Minister Radha Mohan Singh
Two-day ‘India-Africa Agribusiness Forum’ gets under way Radha Mohan Singh, Minister for Agriculture, Government of India, suggested here today that Indian companies desirous of investing in Africa could join hands with African companies for the production of pulses and vegetable oils, the supply…
Digital lending platforms ease fund raising at SMEs
The Small and Medium Enterprises are the spine of economic development in any country and more so in India as we have a huge population to be served. They employ more than 106 million workers, according to government statistics, in a country that brings a million new workers into the workforce ev…