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: Ruchira Shukla
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…
Education technology start-up Byju’s raises funds from World Bank arm IFC
Education technology start-up Byju’s, owned by Think and Learn Pvt. Ltd, has raised an undisclosed amount from World Bank arm International Finance Corp. (IFC), the company said in a statement on December 20. The latest round came close on the heels of Byju’s raising $50 million from the Chan Zuc…