Citigroup Inc has hired the former chief operating officer of the World Bank’s International Finance Corporation (IFC) to help boost its work with development finance institutions, according to Reuters report. Stephanie von Friedeburg had spent almost three decades within the World Bank Group, before retiring at the end of September, according to her Twitter profile.…
Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups that are globally relevant, announced it has received Rs 50 crore investment from Nippon India Digital Innovation AIF into its Fund-II. Recently, International Finance Corporation (IFC), an arm of World Bank, invested $10 million (Rs 75 crore) and committed additional…
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…
Springboard, a San Francisco-based edtech platform, announced that it has raised $31 million in Series B funding round led by Telstra Ventures and other new investors like Vulcan Capital and SJF Ventures. Existing investors who participated in the fundraising include Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital,…
International Finance Corporation (IFC), a member of the World Bank Group, focused exclusively on the private sector in developing countries, has plans to invest up to $35 million in paper manufacturer JK Paper Ltd, according to a VCCircle report. IFC said in a statement that it will invest by subscribing to secured non-convertible debentures (NCDs)…
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…
Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…
Super Religare Laboratories Ltd. (a Subsidiary of Fortis Healthcare) has secured a PE funding for Rs. 370 Cr. from International Finance Corporation (IFC) and NYLIM Jacob Ballas India fund. IFC , a World Bank investment arm would be investing Rs. 250 Cr. , while NYLIM Jacon Ballas India fund would be investing Rs. 120 Cr.…