International Finance Corporation

International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Mary Peschka

Regional Director for Eastern Africa

Search, Leila

Senior Investment Officer and Program Officer

Oumar Seydi

IFC Regional Director, Africa

Past deals in FMCG

Westfalia Fruit

Debt Financing in 2023
Westfalia Fruit is a multinational supplier of fresh fruit and related processed​ products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources and ripens, packs, processes and markets sustainably-grown avocados year round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.

Brimore

Series A in 2022
Brimore is a social commerce platform connecting emerging brand owners with a network of resellers who market and sell their products using social media.

WayCool

Series D in 2022
Waycool is an agri-tech company that processes, distributes, and procures fresh produce, dairy products, and staples. The company helps increase farmers’ income, through innovative quality management and food safety technology. It leverages technology and innovation to improve logistics and distribution services. Waycool distributes farm-sourced fruits, vegetables, and other produce to local shops and modern retail outlets. They have a retail presence, currently in Chennai, through the brand SunnyBee, operating retail stores, mobile stores on trucks, and e-commerce. In addition, there are a number of high-quality private label products that SunnyBee produces and brands through partnerships with sister companies. WayCool establishes direct links to farmers and consumers using physical and information technology to link them efficiently.

WayCool

Debt Financing in 2022
Waycool is an agri-tech company that processes, distributes, and procures fresh produce, dairy products, and staples. The company helps increase farmers’ income, through innovative quality management and food safety technology. It leverages technology and innovation to improve logistics and distribution services. Waycool distributes farm-sourced fruits, vegetables, and other produce to local shops and modern retail outlets. They have a retail presence, currently in Chennai, through the brand SunnyBee, operating retail stores, mobile stores on trucks, and e-commerce. In addition, there are a number of high-quality private label products that SunnyBee produces and brands through partnerships with sister companies. WayCool establishes direct links to farmers and consumers using physical and information technology to link them efficiently.

Bizongo

Series D in 2021
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.
Housing Development Finance Corporation provides customized solutions for housing finance in India. They offer various range of housing, home renovation, and land loans. The company aims to increase the flow of resources to the housing sector through integrating housing finance sector with domestic financial markets. Housing Development Finance Corporation was founded in 1977 by the late Mr. H. T. Parekh.

Dodla Dairy

Private Equity Round in 2021
Dodla Dairy processes and supplies milk and value-added dairy products. Dodla Dairy offers a wide range of milk products comprising fresh milk, butter, ghee, paneer, curd, flavoured milk, doodh peda, ice cream, and skimmed milk powder. These products are conveniently packed to suit the various needs of consumers.

Bizongo

Series C in 2021
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.

Chaldal

Grant in 2021
Chaldal is an online platform for grocery and delivery based in Dhaka, Chattogram & Jashore in Bangladesh. It company is focused on giving customers the experience of shopping in a big-box store with a huge selection. Chaldal was founded in 2013 with the intention of offering customers the opportunity to purchase large amounts of groceries – something that is not typically possibly in Dhaka due to limited stock in most shops. Backed by Y-Combinator and 500 start-ups, Chaldal currently stocks more than 4000 products in its two warehouses and delivers goods within an hour. It uses a cloud-based inventory system to allow users to see what items are available in real-time.

Brandix

Debt Financing in 2021
Brandix offers Inspired Solutions to well-known brands. Its vertically integrated supply chain, expanding global network of manufacturing and operating locations, motivated employee base, and infrastructure have enabled it to deliver millions of garments to customers.

Frontier Nutrition

Series B in 2021
Frontier Nutrition develops, manufacture, and markets packaged food products. Their products and strategies are based on research in pediatric nutrition and behavioral marketing. Their recipes are localized for traditional diets and optimized for taste, nutrition, and price. Frontier Nutrition, Inc. was founded in 2017 by Eddie Bearnot and Tanveer Ali and is based in New Haven, Connecticut, United States.

Bizongo

Series C in 2021
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.

Twiga Foods

Debt Financing in 2020
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.
DCM Shriram Industries manufactures sugar, distilleries, rayons, nylon, organic chemicals, armoured vehicles, containers, and hand sanitizer. The company's customers' inquiries are addressed through phone, email, and online applications.

1mg

Debt Financing in 2020
1mg is a digital consumer healthcare platform based in Gurgaon, Haryana, India, that aims to make healthcare more accessible, understandable, and affordable. Launched in 2015, it allows users to find detailed information about medicines prescribed by doctors and purchase them directly. The platform enables users to search for drugs based on ailments, classes, companies, and brands. Additionally, 1mg offers a service that helps consumers find the right healthcare professionals tailored to their needs. Its diagnostics service enhances transparency and cost-effectiveness in lab tests, empowering Indian consumers and caregivers to choose appropriate healthcare services at competitive prices.

Olam

Debt Financing in 2020
Olam SVI is a food & beverages company that provides onion, garlic, spices, herbs, tomatoes, and capsicums.

Bizongo

Series C in 2020
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.

Navi Technologies

Venture Round in 2020
Navi is a Bengaluru-based firm helping build consumer-centric businesses in the BFSI (Banking, Financial Services & Insurance) space.

Shadowfax

Series D in 2019
Shadowfax is an on-demand logistics network that provides tech-enabled delivery solutions. Shadowfax’s unique app enables delivery of food, pharmacy,y, and e-commerce for businesses and helps them create customer delight using technology. With a focus on engineering pleasant experiences for customers, Shadowfax envisions becoming a desirable and trustworthy delivery platform for customers.

Mahindra Finance

Post in 2019
Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape. Since then, we have come a long way, empowering millions of ambitious individuals with personalised finance for a wide range of vehicles, home development requirements and many other diverse endeavours – all to help them live their dreams and Rise in life. At Mahindra Finance, we are guided by a firm belief in people, their dreams, and their potential to achieve those dreams. Hence, our socially inclusive business model facilitates loans to customers based not on their current financial status, but their future earning capacity. This philosophy has instilled a sense of confidence in the minds of rural and semi-urban India – a confidence that allows them to believe that no dream is too big. Today, as one of the leading non-banking finance companies, we are proud to have touched over 3 million lives. During the course of our journey, apart from emerging as the top tractor financer in India, we have constantly strived towards developing skill sets of the local population. Which is why, we provide employment to over 16,000 people in over 1000+ branches across India. This not only ensures equal growth opportunity for all, but also enables us to serve our customers better through local understanding and expertise. So be it a humble farmer or a budding entrepreneur – we are committed to empower every individual with resources to help their dreams see the light of day.

Bizongo

Series C in 2019
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.

1mg

Series D in 2019
1mg is a digital consumer healthcare platform based in Gurgaon, Haryana, India, that aims to make healthcare more accessible, understandable, and affordable. Launched in 2015, it allows users to find detailed information about medicines prescribed by doctors and purchase them directly. The platform enables users to search for drugs based on ailments, classes, companies, and brands. Additionally, 1mg offers a service that helps consumers find the right healthcare professionals tailored to their needs. Its diagnostics service enhances transparency and cost-effectiveness in lab tests, empowering Indian consumers and caregivers to choose appropriate healthcare services at competitive prices.

Visakha Container Terminal

Debt Financing in 2019
Visakha Container Terminal operates terminals and ports. The business provides storage, railway services, reefer operations, and container handling. In order to offer customers and suppliers secure, dependable services, they are outfitted with full-featured workshop and fueling facility modern software systems. These systems also have the adaptability to meet innovative client requirements for electronic data interchange.

Sohan Lal Commodity Management

Debt Financing in 2019
SLCM group is a one stop comprehensive agri-logistics company, having its Corporate Office in Delhi providing comprehensive agri-commodity Warehouse Management, Procurement, Logistics and Financial solutions to farmers, processors, traders, agri exchanges and government across India and now in Myanmar.

Twiga Foods

Series B in 2018
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.

Hayat Holding

Debt Financing in 2018
Its mission is to offer high quality Turkish brand alternatives to the consumers all over the world in the sectors they operate. This goal; their production power, their developing and self-renewing human resources, their customer-focused approach and their belief in sustainability. Their vision to be known, liked and preferred in every corner of the world with their companies and brands in the sectors they operate in.

Chaldal

Series A in 2018
Chaldal is an online platform for grocery and delivery based in Dhaka, Chattogram & Jashore in Bangladesh. It company is focused on giving customers the experience of shopping in a big-box store with a huge selection. Chaldal was founded in 2013 with the intention of offering customers the opportunity to purchase large amounts of groceries – something that is not typically possibly in Dhaka due to limited stock in most shops. Backed by Y-Combinator and 500 start-ups, Chaldal currently stocks more than 4000 products in its two warehouses and delivers goods within an hour. It uses a cloud-based inventory system to allow users to see what items are available in real-time.

Mahindra Finance

Post in 2018
Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape. Since then, we have come a long way, empowering millions of ambitious individuals with personalised finance for a wide range of vehicles, home development requirements and many other diverse endeavours – all to help them live their dreams and Rise in life. At Mahindra Finance, we are guided by a firm belief in people, their dreams, and their potential to achieve those dreams. Hence, our socially inclusive business model facilitates loans to customers based not on their current financial status, but their future earning capacity. This philosophy has instilled a sense of confidence in the minds of rural and semi-urban India – a confidence that allows them to believe that no dream is too big. Today, as one of the leading non-banking finance companies, we are proud to have touched over 3 million lives. During the course of our journey, apart from emerging as the top tractor financer in India, we have constantly strived towards developing skill sets of the local population. Which is why, we provide employment to over 16,000 people in over 1000+ branches across India. This not only ensures equal growth opportunity for all, but also enables us to serve our customers better through local understanding and expertise. So be it a humble farmer or a budding entrepreneur – we are committed to empower every individual with resources to help their dreams see the light of day.

Twiga Foods

Series B in 2018
Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.

Bizongo

Series B in 2018
Bizongo develops a tech-enabled B2B e-commerce and supply chain platform for packaging, apparel, and other customized goods. It digitally transforms the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods. The company focuses on packaging, textiles, apparel, and other contract manufacturing goods as its product portfolio and has a network of over 1500 curated manufacturers across these categories. Bizongo was founded in 2015 by three IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar.

BigBasket

Series E in 2018
BigBasket is an online food and grocery delivery service that caters to personal and household needs by delivering products directly to customers' doorsteps. The platform allows users to easily browse a wide range of items, select their desired products, and schedule deliveries at their convenience. BigBasket prioritizes quality by handpicking each product and ensuring it goes through a safety packaging process before reaching the customer. This approach aims to provide a hassle-free shopping experience, making grocery shopping more efficient and leisurely for users.

BigBasket

Venture Round in 2017
BigBasket is an online food and grocery delivery service that caters to personal and household needs by delivering products directly to customers' doorsteps. The platform allows users to easily browse a wide range of items, select their desired products, and schedule deliveries at their convenience. BigBasket prioritizes quality by handpicking each product and ensuring it goes through a safety packaging process before reaching the customer. This approach aims to provide a hassle-free shopping experience, making grocery shopping more efficient and leisurely for users.

Grupo Los Grobo

Private Equity Round in 2016
Grupo Los Grobo is a leading agribusiness and investment company both in Brazil and the whole of Latin America in terms of the production and commercialization of agricultural commodities. They offer a broad, integrated and diversified business platform that covers agricultural land development, services that go from input provision to technical and financial assistance for small producers, as well as our own farming activities, wheat processing and commodities industrialization.

BigBasket

Series D in 2016
BigBasket is an online food and grocery delivery service that caters to personal and household needs by delivering products directly to customers' doorsteps. The platform allows users to easily browse a wide range of items, select their desired products, and schedule deliveries at their convenience. BigBasket prioritizes quality by handpicking each product and ensuring it goes through a safety packaging process before reaching the customer. This approach aims to provide a hassle-free shopping experience, making grocery shopping more efficient and leisurely for users.

Laxmi Organic Industries

Venture Round in 2011
Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI).
CFPA Microfinance Management Co is a small microfinance institution that focuses on the rural market. Its main purpose is to tailor micro-credit, insurance, wealth management, e-commerce and other multi-faceted services to rural low-income groups who cannot fully enjoy the services of traditional financial institutions, to help them develop their industries, increase their income, and achieve good results as soon as possible. life.

Bhagyanagar Gas

Private Equity Round in 2010
Bhagyanagar Gas offers gas supply to their customers in the transportation, domestic, commercial, and industrial sectors. Their technology development and use of eco-friendly appliances for small-scale industries that are currently on conventional fuels For inquiries, email, telephone numbers, and physical addresses are available on their website.

HNG Float Glass

Venture Round in 2007
HNG Float Glass is a glass manufacturing company.

Amalgamated Plantations

Venture Round in 2006
Amalgamated Plantations is an e-commerce company for tea. It is a supplier of solutions for the supply of agricultural products, forging long-lasting relationships with clients and suppliers, agricultural productivity with plantations at its center, and is a company that promotes empowerment.
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