Onsurity, the subscription-led employee healthcare provider focused on small and medium enterprises (SMEs) and startups, said it has raised $24 million in Series B funds from International Finance Corporation (IFC) and existing investors Nexus Venture Partners, Quona Capital and White Board, according to ETtech report. The company will use the money to work with insurance…
Housing finance company HomeFirst has further diversified its borrowing sources with the latest fund raise from IFC, through the issuance of INR denominated, senior secured, rated, unlisted, redeemable Non-Convertible Debentures with a tenor of up to seven years. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable…
FC has appointed Wendy Werner as the new Country Head for India. Based in New Delhi, she will focus on growth and diversification of IFC’s India portfolio, helping maximize IFC’s impact in the region. Announcing the appointment, Hector Gomez Ang, Regional Director for South Asia at IFC, said, “Wendy’s leadership and extensive experience will be…
Edtech major upGrad has closed a $185-million funding round at a valuation of $1.2 billion, thus entering the coveted unicorn club. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the funding round. “We are pleased with the investor interest ever since we opened up for fundraise, and had our…
Voyager Innovations, a technology company in the Philippines, has announced that it raised US$167 million to fast-track financial inclusion in the Philippines through its financial technology arm, PayMaya Philippines. Participating in the funding were existing shareholders PLDT Inc., the Philippines’ integrated telecommunications company and digital services provider; KKR, a global investment firm; and Tencent, a…
Onsitego, an after-sales services startup for personal devices, gadgets, small and large home appliances, announced that it has raised $10 million in an extension to its Series B funding round from IFC. Avendus Capital acted as the financial advisor for this transaction. Earlier in February, the startup had raised funds from Zodius, with participation from…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups, announced that it has received a commitment of Rs 75 crore (about $10 mn) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional $10 million for direct co-investments alongside Endiya…
International Finance Corporation announced that it has plans to invest $10 million in Onsitego, India’s customer service company for personal devices, gadgets, small and large home appliances, according to a VCCircle report. In a disclosure, IFC said the investment will be made through by subscribing to preferred shares in Mumbai-based Onsitego, which announced its Series…