Tag: Ruchira Shukla

IFC invests $10 m in Power2SME to lift SME sector

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…

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’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…