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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Tag: Lenskart
Startup India: Centre needs to think scale like it did with Aadhaar
Digital India, Startup India and Make in India are synonymous in some sense as the visible thrust from the government has raised awareness and focus on startups. Within months of the government coming to power in 2014 there was a complete change in sentiment. Last year, IDG Ventures India saw 2,8…
World Bank’s IFC plans an aggressive foray into series A start-up deals
World Bank’s arm IFC is planning an aggressive foray into startups at Series-A level, as part of its recent push towards early-stage investing in India. Till now, it has backed more mature startups like Byju’s, Lenskart, Bigbasket and Blackbuck, with ticket sizes upwards of $5 million…
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
LensPick raises funds to expand online presence
The two year old eye wear e-commerce portal LensPick.com has raised second round of funding for inventory enhancement and technology upgradation as part of its plans to increase its online presence. US-based Scadea Solutions Inc., has picked a 10 percent stake in LensPick.com at a valuation of $5…
PremjiInvest is eyeing a stake in Lenskart now
Wipro Chairman Azim Premji’s family office, PremjiInvest, is in advanced talks to pick up a stake in Lenskart Solutions, which owns and operates eyewear-focused venture Lenskart, according to two people familiar with the development. The investment by PremjiInvest is part of the new round o…
UpGrad ties up with PVR, Lenskart, Shopclues for scholarships in entrepreneurship
UpGrad, an online education platform for working professionals, has tied up with PVR, Lenskart and ShopClues to offer free scholarships for its entrepreneurship programme. Under this partnership, PVR, Lenskart and ShopClues will sponsor 50 candidates each. The applications are both online and in …
IFC focus on startups in healthcare, edu-tech and clean technology among others
International Finance Corp, the private sector investment arm of the World Bank, is looking to ramp up its venture capital activity in India, a geography that represents the long-term investor’s second-largest portfolio globally. Buoyed by its investments in a string of leading Indian start…
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…
TPG Growth looks to invest in Indian consumer internet start-ups
TPG Growth, an early backer of ride-sharing app Uber and home rental service Airbnb, is looking to invest in Indian consumer Internet start-ups, a company executive said. The fund will also partner with venture capital funds to invest in these companies. “We are looking to partner with some of th…