International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce platform Power2SME that helps small and medium companies buy raw materials at bulk prices. Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partne…
Tag: International Finance Corporation (IFC)
IFC to invest upto $150 m in Bajaj Finance; Proceeds to boost MSME lending
International Finance Corporation (IFC), the private lending arm of the World Bank, is looking to invest up to $150 million in non-banking financial company Bajaj Finance Ltd, according to a disclosure by IFC. IFC will buy Bajaj Finance’s secured, fixed, rated and listed non-convertible debenture…
IFC to invest $20-60 mn in Indian start-ups
International Finance Corporation (IFC), a member of the World Bank group, is the largest global development institution focussed exclusively on the private sector in developing countries. Ruchira Shukla, Regional Lead, South Asia, Venture Capital, IFC, spoke about the new fund’s investment plans…
World Bank Group led initiative to help India’s MSMEs get faster access to credit
In India, the micro, small and medium enterprise sector plays a crucial role in the country’s economy. Almost 50 million such enterprises operate in various industries across India, employing over 100 million people. More than half of them are based in rural areas, while over 7 per cent of entrep…
Demand Gap of Rs 2.93 trillion in MSME financing needs to be filled for a double digit growth
With country’s population growing at a rate of about 1.7 per cent, there are few jobs available to the youth today. An economic slowdown too is affecting the job market. The best case scenario to earn a descent living thus, is to start something of your own. It could be a cottage industry, …
IFC to invest Rs 260 cr in microfinance institution Ujjivan
World Bank’s investment arm International Finance Corporation (IFC) has proposed to invest $40 million (approximately Rs 260 crore) into Ujjivan Financial Services, one of the leading microfinance institutions in India. Ujjivan Financial is among the 10 recipients of small finance bank (SFB) lice…
IFC to invest Rs 134 crore in future consumer enterprise
Future Consumer Enterprise Limited (FCEL) July 2, 2016 said it would raise Rs 134 crore from the World Bank’s investment arm International Finance Corporation (IFC). FCEL, a part of Kishore-Biyani’s Future group, has entered into an agreement with IFC and as part of that it would issu…