International Finance Corporation

The International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. It provides financial services, including loans and equity investments, ranging from $1 million to $100 million, with a focus on projects that drive economic growth and social impact. IFC invests across various sectors such as infrastructure, agriculture, manufacturing, healthcare, education, technology, and financial services.

Wale Ayeni

Regional Head Africa Venture Capital

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Alfonso Garcia Mora

Regional Vice President for Europe, Latin America and the Caribbean

Mohamed Gouled

Vice President, Industries

Cheryl Hanway

Director

Saadia Khairi

Vice President and Chief Risk Officer

Dahlia Khalifa

Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone

Rosy Khanna

Regional Industry Director for Financial Institutions in Asia-Pacific

Vivek Pathak

Director and Global Head of Climate Business

Mary Porter Peschka

Director

Sergio Pimenta

Regional Vice President, Africa

Facundo Sanchez Freytes

Investment Officer

Leila Search

Senior Investment Officer and Program Officer

Oumar Seydi

IFC Regional Director, Africa

Sarvesh Suri

Regional Industry Director, Infrastructure and Natural Resources

Paulo De Bolle

Director, Special Situations

Stephanie Friedeburg

Vice President, Corporate Strategy and Resources

Past deals in Retail

Magalu

Post in 2025
Magalu is a retail company that offers a wide range of furniture, electronics, appliances, computers and more.

Bizongo

Series E in 2025
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

NWP Property

Debt Financing in 2025
Formed in 2015, NWP Property is a joint venture between PT. Nirvana Development Tbk. (NIRO) and Warburg Pincus, formed to build and develop a best-in-class retail platform in Indonesia. The Venture focuses on developing hypermarket-anchored shopping malls in Indonesia to capitalize on the country’s growth potential which is driven by rapid urbanization, emerging consumption and outsized economic growth. This strategic partnership is founded on a common vision to expand NWP Property’s footprint across high potential areas for retail development throughout Indonesia.

Sunshine Healthcare Lanka

Private Equity Round in 2024
Sunshine Healthcare is the nation's first fully integrated healthcare corporation, handling everything from pharmaceutical manufacture and research and development to retailing and last-mile delivery of all healthcare items nationwide.

Retail Holding

Venture Round in 2024
Retail Holding is a Retailer business.

Central Pattana

Post in 2024
Central Pattana is a Thai real estate developer and operator that builds, owns, and manages large-scale retail properties, including shopping centers, office buildings, hotels, and residential projects. The company runs centers with integrated amenities and services such as food facilities, utilities, entertainment areas, and attractions, and provides ongoing property management to capture rental income. In addition to retail and office space, Central Pattana develops and leases condominiums and other residential projects and conducts hotel operations. It also engages in the sale of land, houses, and condominium units, positioning itself as a developer, owner, and manager of diversified property assets.

Banque Populaire du Rwanda

Debt Financing in 2024
Banque Populaire du Rwanda is a retail and SME bank that evolved from a community savings and credit scheme into a fully‑fledged commercial bank in 2008. It operates the largest branch network in the sector, offering a range of financial services tailored to individuals and small businesses. The bank focuses on providing accessible banking solutions, fostering financial inclusion, and supporting local economic development.

Ayala Land

Post in 2024
Ayala Land is the real estate arm of Ayala Corporation, one of the Philippines' leading business conglomerates. With over eight decades of experience, it is renowned as the country's premier real estate developer, committed to delivering best-in-class products and services while maintaining financial discipline.

TBC Bank Uzbekistan

Funding Round in 2024
TBC Bank Uzbekistan is a subsidiary focused on delivering innovative digital banking solutions in Uzbekistan. It aims to offer a wide range of financial products and services, easily accessible through digital channels.

Natura Cosmeticos

Debt Financing in 2024
Natura Cosméticos is a Brazilian manufacturer and marketer of beauty, household, and personal care products. The company's diverse product range includes items for babies and children, hair care, body and bath, men's grooming, makeup, and fragrances, marketed under various brands such as Mamae e Bebe, VoVo, and Erva Doce. Natura's offerings encompass bath products, deodorants, oils, and specialized solutions for men, including hair and beard care. The brand emphasizes a commitment to sustainability and ethical practices, selling its products through a network of representatives and over 3,200 retail locations worldwide. Through its international operations, Natura aims to expand its presence and cater to a global audience, focusing on quality and innovation in the beauty and personal care sectors.

FIBRA Macquarie

Post in 2024
FIBRA Macquarie is a real estate investment trust based in Mexico that specializes in the acquisition, ownership, leasing, and management of industrial, retail, and office properties. The majority of its portfolio consists of industrial buildings, which account for the largest share of its total properties, square footage, and revenue. FIBRA Macquarie generates nearly all of its income from rental payments made by a diverse range of tenants, including manufacturers in the automotive, electronics, and consumer products sectors. The company leverages its institutional management expertise and internal property management platform to create value and unlock growth opportunities within its real estate assets.

Mindspace Business Park REIT

Post in 2024
Mindspace Business Parks is a company specializing in commercial real estate, with a focus on developing and managing business parks across key Indian cities including Mumbai, Hyderabad, Pune, and Chennai. The company's portfolio consists of Grade A office spaces designed to be environmentally sustainable, featuring clean energy initiatives and recycling programs. These business parks are equipped to support business growth by providing comprehensive solutions for work-related needs, including leisure amenities such as shopping malls, restaurants, and hotels. Mindspace Business Parks aims to create self-sufficient energy hubs that offer efficient and eco-friendly work environments for tenants.

NWP Property

Debt Financing in 2024
Formed in 2015, NWP Property is a joint venture between PT. Nirvana Development Tbk. (NIRO) and Warburg Pincus, formed to build and develop a best-in-class retail platform in Indonesia. The Venture focuses on developing hypermarket-anchored shopping malls in Indonesia to capitalize on the country’s growth potential which is driven by rapid urbanization, emerging consumption and outsized economic growth. This strategic partnership is founded on a common vision to expand NWP Property’s footprint across high potential areas for retail development throughout Indonesia.

Midas

Series A in 2024
Midas is Turkey’s largest retail investing app, offering Turkish and U.S. equities at low commissions. We provide the most seamless user experience for investing in equities.

Shadowfax

Series E in 2024
Shadowfax is an on-demand logistics network that specializes in providing tech-enabled delivery solutions across various sectors, including e-commerce, food, pharmacy, and consumer goods. By leveraging its unique app, the company offers a reliable last-mile delivery service, allowing businesses to concentrate on their core operations while outsourcing their delivery needs. Shadowfax aims to enhance the customer experience through efficient, fast, and dependable delivery options. Its platform serves both online and offline retailers, catering to the diverse logistics demands of merchants and ensuring timely service. The company envisions establishing itself as a trustworthy and desirable delivery platform, emphasizing the use of advanced technology to streamline logistics and improve customer satisfaction.

Bizongo

Series E in 2023
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Edita Food Industries

Post in 2023
Edita manufactures, packages, markets, and distributes a wide range of food products including jam, juices, ready-made meals, baked snacks, chocolates, dairy products, fruits, vegetables, meat products, and related ingredients. The company operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits.

ANKA

Debt Financing in 2023
ANKA is an e-commerce platform dedicated to the discovery, buying, and selling of African fashion, arts, and crafts. Founded with the mission to connect creators and enthusiasts of African culture, ANKA enables users to engage with a diverse range of products, including clothing, jewelry, and art. The platform serves as a marketplace that facilitates direct transactions between buyers and sellers globally, ensuring a user-friendly and secure experience. ANKA aims to support African creators by providing them with opportunities to thrive in their crafts while allowing customers worldwide to appreciate and acquire unique African creations. Based in Abidjan, Ivory Coast, ANKA has established itself as a significant player in promoting and celebrating African artistry.

ANKA

Seed Round in 2023
ANKA is an e-commerce platform dedicated to the discovery, buying, and selling of African fashion, arts, and crafts. Founded with the mission to connect creators and enthusiasts of African culture, ANKA enables users to engage with a diverse range of products, including clothing, jewelry, and art. The platform serves as a marketplace that facilitates direct transactions between buyers and sellers globally, ensuring a user-friendly and secure experience. ANKA aims to support African creators by providing them with opportunities to thrive in their crafts while allowing customers worldwide to appreciate and acquire unique African creations. Based in Abidjan, Ivory Coast, ANKA has established itself as a significant player in promoting and celebrating African artistry.

Evermos

Series C in 2023
Evermos is a social commerce startup based in Indonesia that connects resellers, brands, and consumers to facilitate the sale of everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without the need for operating capital or a complex e-commerce setup. By leveraging a reseller program, Evermos incentivizes users to promote a diverse range of halal products, including fashion, food, cosmetics, and home appliances, primarily targeting consumers in lower-tier cities. The platform empowers resellers to generate additional income while supporting small brands in scaling their operations. Additionally, Evermos aims to create a positive social impact by helping individuals at the bottom of the economic pyramid achieve financial stability through entrepreneurship.

Labaid

Debt Financing in 2023
Labaid Group is a healthcare provider in Bangladesh focused on delivering specialized medical services, particularly to underserved rural areas. The company offers a comprehensive range of services, including diagnostics, hospital care, outpatient services, and pharmaceuticals. By prioritizing access to healthcare in remote and less developed regions, Labaid aims to improve the living standards of individuals who may otherwise have limited options for medical care.

TBC Bank Uzbekistan

Venture Round in 2023
TBC Bank Uzbekistan is a subsidiary focused on delivering innovative digital banking solutions in Uzbekistan. It aims to offer a wide range of financial products and services, easily accessible through digital channels.

Roojai

Series B in 2023
Founded in 2016, Roojai is an online insurance platform operating in Thailand and Indonesia. It specializes in developing, pricing, and managing its own suite of retail insurance products, primarily focusing on motor and health insurance.

Ikas

Funding Round in 2023
Ikas is an e-commerce platform provider for small and medium-sized businesses that enables the creation and management of online stores. The platform offers multichannel storefronts, marketing tools, inventory tracking and management, sales and order tracking, and data integration. It supports bulk product loading and point-of-sale functionality, allowing retailers to run online and physical stores from a single application. By combining commerce, inventory, order, and sales software, Ikas helps businesses streamline operations, tailor their online presence, and reach customers worldwide.

Garanti BBVA Romania

Debt Financing in 2022
Garanti BBVA Romania is a prominent bank operating in the local market, known for its dynamic approach to banking and financial services. The bank serves a diverse clientele, including individuals, small and medium-sized enterprises, and corporate entities. It offers a comprehensive suite of products and services, such as debit cards, accounts, various types of loans, financing solutions, financial risk protection, and payment systems. Based in Bucharest, Garanti BBVA Romania is committed to meeting the financial needs of its customers through quality offerings and dedicated service.

TBC Bank Uzbekistan

Venture Round in 2022
TBC Bank Uzbekistan is a subsidiary focused on delivering innovative digital banking solutions in Uzbekistan. It aims to offer a wide range of financial products and services, easily accessible through digital channels.

Toters

Series B in 2022
Toters operates a marketplace that connects customers with retailers, utilizing a network of couriers to deliver products from any store within a city. The company's application allows users to order food, groceries, and other items from local restaurants and stores, providing a convenient way to shop from preferred locations while tracking deliveries in real-time. Additionally, Toters operates dark grocery stores under the brand Toters Fresh, maintaining a leadership position across all verticals and markets it serves.

Sayurbox

Series C in 2022
Sayurbox is a web-based platform founded in 2016 and headquartered in Bandung, Indonesia, that specializes in the distribution of fresh agricultural produce. The company connects consumers directly with farmers, enabling them to order fresh, chemical-free, and organic vegetables. This model ensures that customers receive healthy produce that is harvested and delivered on the same day, promoting a farm-to-table approach. By focusing on quality and freshness, Sayurbox aims to facilitate healthier living through accessible and sustainable food options.

GrowSari

Series C in 2022
GrowSari is a technology-driven B2B platform designed to empower sari-sari stores by transforming them from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. The company provides shop owners with the necessary tools and infrastructure to digitally procure goods, thereby eliminating the need for middlemen. Through its e-commerce marketplace, GrowSari connects stores directly to suppliers, enabling owners to expand their product offerings to include mobile top-ups, remittances, and banking services. This approach not only helps store owners reduce costs but also enhances their understanding of market trends, ultimately benefiting grassroots communities across the nation.

WayCool

Series D in 2022
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing innovative quality management and food safety technology, WayCool enhances farmers' incomes and streamlines logistics and distribution services. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing them to local shops, retail outlets, hotels, restaurants, and catering establishments. WayCool operates a retail brand called SunnyBee in Chennai, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Additionally, SunnyBee offers a range of high-quality private label products developed through partnerships with sister companies. By establishing direct connections between farmers and consumers, WayCool effectively integrates physical and information technology to facilitate efficient distribution of fresh produce.

WayCool

Debt Financing in 2022
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing innovative quality management and food safety technology, WayCool enhances farmers' incomes and streamlines logistics and distribution services. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing them to local shops, retail outlets, hotels, restaurants, and catering establishments. WayCool operates a retail brand called SunnyBee in Chennai, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Additionally, SunnyBee offers a range of high-quality private label products developed through partnerships with sister companies. By establishing direct connections between farmers and consumers, WayCool effectively integrates physical and information technology to facilitate efficient distribution of fresh produce.

TradeDepot

Series B in 2021
Founded in 2016, TradeDepot is a SaaS platform that connects FMCG distributors, wholesalers, and retailers across Africa. It leverages real-time stock level tracking, predictive trade intelligence, and automated sales promotions to boost sales and improve distribution efficiency.

Bizongo

Series D in 2021
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

TBC Bank Uzbekistan

Venture Round in 2021
TBC Bank Uzbekistan is a subsidiary focused on delivering innovative digital banking solutions in Uzbekistan. It aims to offer a wide range of financial products and services, easily accessible through digital channels.

Evermos

Series B in 2021
Evermos is a social commerce startup based in Indonesia that connects resellers, brands, and consumers to facilitate the sale of everyday Muslim products. Founded in November 2018, the platform allows individuals to become resellers without the need for operating capital or a complex e-commerce setup. By leveraging a reseller program, Evermos incentivizes users to promote a diverse range of halal products, including fashion, food, cosmetics, and home appliances, primarily targeting consumers in lower-tier cities. The platform empowers resellers to generate additional income while supporting small brands in scaling their operations. Additionally, Evermos aims to create a positive social impact by helping individuals at the bottom of the economic pyramid achieve financial stability through entrepreneurship.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.

GrowSari

Series B in 2021
GrowSari is a technology-driven B2B platform designed to empower sari-sari stores by transforming them from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. The company provides shop owners with the necessary tools and infrastructure to digitally procure goods, thereby eliminating the need for middlemen. Through its e-commerce marketplace, GrowSari connects stores directly to suppliers, enabling owners to expand their product offerings to include mobile top-ups, remittances, and banking services. This approach not only helps store owners reduce costs but also enhances their understanding of market trends, ultimately benefiting grassroots communities across the nation.

Bizongo

Series C in 2021
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Chaldal

Grant in 2021
Founded in 2013, Chaldal is a Bangladesh-based online grocery retailer offering over 4000 products, including fresh produce, personal care goods, and household essentials. It provides real-time inventory tracking and same-day delivery services.

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.

Bizongo

Series C in 2021
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Twiga Foods

Debt Financing in 2020
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Onsitego

Series B in 2020
Onsitego is India's leading device-care provider offering extended warranties, damage protection, annual maintenance plans, and on-demand repair services for electronics and home appliances. It delivers services through retail stores and online marketplaces and partners with online retailers and brand-authorized service centers to enable pickup, servicing, and delivery of damaged devices. The company focuses on simplifying post-purchase ownership and improving customer satisfaction through reliable after-sales support.

John Keells Holdings

Debt Financing in 2020
John Keells Holdings is a diversified Sri Lankan conglomerate operating in transportation, consumer foods, retail, leisure, property, financial services, and other sectors. It offers ports and shipping services, produces food and beverages, operates retail outlets, manages hotels and resorts, develops properties, provides insurance and banking services, and engages in information technology services.

Bizongo

Series C in 2020
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Shadowfax

Series D in 2019
Shadowfax is an on-demand logistics network that specializes in providing tech-enabled delivery solutions across various sectors, including e-commerce, food, pharmacy, and consumer goods. By leveraging its unique app, the company offers a reliable last-mile delivery service, allowing businesses to concentrate on their core operations while outsourcing their delivery needs. Shadowfax aims to enhance the customer experience through efficient, fast, and dependable delivery options. Its platform serves both online and offline retailers, catering to the diverse logistics demands of merchants and ensuring timely service. The company envisions establishing itself as a trustworthy and desirable delivery platform, emphasizing the use of advanced technology to streamline logistics and improve customer satisfaction.

2C2P

Series E in 2019
2C2P is a comprehensive payments platform based in Singapore that enables enterprises to securely accept and process payments through a single integration point. The company supports a wide range of payment methods across online, mobile, and offline channels, boasting a network that includes over 400,000 alternative payment locations. 2C2P caters to both banked and unbanked transactions, providing e-commerce and mobile commerce payment solutions that facilitate peer-to-peer payments, money transfers, and other banking activities. Additionally, the platform offers value-added services such as issuing, 3D Secure, bill payments, and digital goods, making it a preferred choice for technology firms, online marketplaces, retailers, and global enterprises seeking efficient and secure payment solutions.

Srinivasa Farms

Corporate Round in 2019
Srinivasa Farms is a poultry farm located in Hyderabad, India, specializing in various aspects of animal husbandry. The company engages in poultry breeding, focusing on layers and broilers, and produces animal feed to support its operations. Additionally, Srinivasa Farms offers services related to animal health and nutrition, enhancing the quality of its poultry products. The company also provides an array of chicken and egg retail services, including the production of different egg variants to meet market demands. By implementing modern techniques and practices, Srinivasa Farms supports small-scale farmers, helping them to leverage the latest technologies and understand the full potential of the poultry business.

Bizongo

Series C in 2019
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Moglix

Series D in 2019
Moglix is an e-commerce platform specializing in the sale of industrial tools and equipment. The company operates an online marketplace that provides a wide range of industrial supplies, including maintenance, repair, and operations (MRO) products, safety equipment, electrical and lighting items, cleaning supplies, office supplies, and various tools. By combining online convenience with supply-chain efficiencies, Moglix facilitates connections between equipment manufacturers, resellers, and business buyers, allowing them to access essential industrial goods at competitive prices. This focus on enhancing the procurement process positions Moglix as a key player in the industrial supply sector.

El Zatona

Pre Seed Round in 2019
El Zatona is a developer of a cloud-based retail management system tailored to assist merchants in streamlining their business operations and enhancing profitability. The platform provides a range of features, including stock management, sales tracking, and purchase monitoring, all designed to improve operational efficiency. By integrating various functionalities, El Zatona enables clients to effectively manage both offline and online sales channels, ensuring synchronized stock control and real-time insights into their business performance. Their commitment to continuous technical support further empowers customers to leverage the full potential of the system.

Moglix

Series C in 2019
Moglix is an e-commerce platform specializing in the sale of industrial tools and equipment. The company operates an online marketplace that provides a wide range of industrial supplies, including maintenance, repair, and operations (MRO) products, safety equipment, electrical and lighting items, cleaning supplies, office supplies, and various tools. By combining online convenience with supply-chain efficiencies, Moglix facilitates connections between equipment manufacturers, resellers, and business buyers, allowing them to access essential industrial goods at competitive prices. This focus on enhancing the procurement process positions Moglix as a key player in the industrial supply sector.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Hayat Holding

Debt Financing in 2018
Hayat Holding is a Turkish company specializing in the Fast-Moving Consumer Goods sector, with a diverse portfolio that includes home care products, women's hygiene items, baby care essentials, and patient wear. The company is committed to providing high-quality alternatives to consumers worldwide, driven by its production capabilities and a focus on developing human resources. Hayat Holding emphasizes a customer-centric approach and sustainability in its operations, aiming to build a strong global presence. The company's vision is to be recognized and preferred across various markets, leveraging its brands to meet consumer needs effectively.

Roojai

Series A in 2018
Founded in 2016, Roojai is an online insurance platform operating in Thailand and Indonesia. It specializes in developing, pricing, and managing its own suite of retail insurance products, primarily focusing on motor and health insurance.

Chaldal

Series A in 2018
Founded in 2013, Chaldal is a Bangladesh-based online grocery retailer offering over 4000 products, including fresh produce, personal care goods, and household essentials. It provides real-time inventory tracking and same-day delivery services.

Srinivasa Farms

Venture Round in 2018
Srinivasa Farms is a poultry farm located in Hyderabad, India, specializing in various aspects of animal husbandry. The company engages in poultry breeding, focusing on layers and broilers, and produces animal feed to support its operations. Additionally, Srinivasa Farms offers services related to animal health and nutrition, enhancing the quality of its poultry products. The company also provides an array of chicken and egg retail services, including the production of different egg variants to meet market demands. By implementing modern techniques and practices, Srinivasa Farms supports small-scale farmers, helping them to leverage the latest technologies and understand the full potential of the poultry business.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Bizongo

Series B in 2018
Bizongo is a tech-enabled B2B e-commerce and supply chain platform specializing in customized goods, including packaging, textiles, and apparel. Founded in 2015 by three IIT graduates, the company aims to digitize the fragmented B2B segment of made-to-order products. Bizongo offers a comprehensive suite of services such as digital vendor management, supply chain automation, and supply chain financing. Its platform connects businesses with a network of over 1,500 curated manufacturers, addressing key challenges like inventory management and operational efficiency. Through its innovative approach, Bizongo seeks to streamline the supply chain process, reduce costs, and facilitate easier contract management for its clients.

Oway

Venture Round in 2018
Founded in 2012, Oway is a Yangon-based travel agency offering an online platform for booking hotels and flights within Myanmar. It caters to both business travelers and consumers, providing services such as flight and hotel bookings, visa assistance, car rentals, activities, tours, corporate travel management, conferences, events, and international study tours.

BigBasket

Series E in 2018
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Koin

Series A in 2018
Koin is a pioneering financial technology company in Latin America, specializing in Buy Now, Pay Later solutions that are designed to be secure and free of bureaucracy. The company provides a range of financial services for both business-to-business and business-to-consumer markets, including payment options through Pix and a robust anti-fraud solution. Koin aims to enhance the shopping experience by making consumption more accessible and valuable for consumers and corporate clients alike. By facilitating online purchases with a post-pay application that ensures payment occurs only after product receipt, Koin fosters trust between users and online retailers. In 2020, Koin was acquired by Despegar, the largest travel company in the region, further solidifying its position in the market.

BigBasket

Venture Round in 2017
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Moglix

Series B in 2017
Moglix is an e-commerce platform specializing in the sale of industrial tools and equipment. The company operates an online marketplace that provides a wide range of industrial supplies, including maintenance, repair, and operations (MRO) products, safety equipment, electrical and lighting items, cleaning supplies, office supplies, and various tools. By combining online convenience with supply-chain efficiencies, Moglix facilitates connections between equipment manufacturers, resellers, and business buyers, allowing them to access essential industrial goods at competitive prices. This focus on enhancing the procurement process positions Moglix as a key player in the industrial supply sector.

Haltons Limited

Venture Round in 2016
Haltons Limited operates Haltons Pharmacy, a Kenyan retail pharmacy chain that offers prescription and non‑prescription medicines. The company focuses on accessibility and affordability, serving customers in high‑traffic residential estates and other locations across Kenya. Its team comprises pharmacists, investors, and leaders dedicated to delivering high‑quality pharmacy care in a dignified manner.

Oway

Series C in 2016
Founded in 2012, Oway is a Yangon-based travel agency offering an online platform for booking hotels and flights within Myanmar. It caters to both business travelers and consumers, providing services such as flight and hotel bookings, visa assistance, car rentals, activities, tours, corporate travel management, conferences, events, and international study tours.

Lenskart

Series D in 2016
Lenskart is an Indian online optical store offering a wide range of prescription eyeglasses and contact lenses. With over 500 frame designs and various brands, it provides affordable options starting from Rs. 399. The company ensures hassle-free shopping with free home delivery within 48 hours and a 365-day return policy.

BigBasket

Series D in 2016
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Hepsiburada.com

Series A in 2015
Hepsiburada.com is Turkey's leading e-commerce platform, operating as a subsidiary of Dogan Online Holding Group. Founded in 1998, it initially focused on online orders for IT hardware before expanding its offerings under the Hepsiburada brand in 2000. Currently, it boasts over 17 million products across more than 35 categories, including clothing, beauty products, automotive supplies, and electronics. The platform attracts approximately 102 million total monthly visits and 32 million unique visitors from Turkey and surrounding regions. Hepsiburada leverages advanced technological and logistical infrastructure to enhance last-mile delivery and support its vendors in the digital economy. With a substantial operational center of 100,000 m2, it manages over 250,000 products and facilitates shipments exceeding 2 million items monthly. The company actively promotes female entrepreneurship by partnering with women-led businesses, providing them access to broader markets and opportunities within the e-commerce landscape.

Grupo Netshoes

Series D in 2015
Grupo Netshoes operates as a prominent online retailer in Brazil, specializing in sports and lifestyle products. Founded in 2000, the company offers a wide range of items, including athletic shoes, apparel, accessories, and sporting equipment from various international, local, and private brands. The business primarily markets its products under the Netshoes and Zattini brands through several e-commerce platforms, including netshoes.com, shoestock.com, zattini.com, and freelace.com. Over the years, Grupo Netshoes has established itself as one of the largest online sporting goods retailers in Brazil, evolving from its origins in a downtown São Paulo parking lot to a significant player in the e-commerce sector. As of June 2019, it operates as a subsidiary of Magazine Luiza S.A.

Jabi Lake Mall

Venture Round in 2014
Jabi Lake Mall is a prominent retail center located in Abuja, Nigeria, providing over 30,000 square meters of high-quality shopping space. The mall serves as a hub for both local and international retailers, facilitating the introduction of various products into the African market. Its strategic design and layout cater to a diverse range of shopping needs, making it an essential destination for consumers in the region.

Scanntech

Series B in 2014
Founded in 1992, Scanntech specializes in providing point-of-sale software for retail stores. Its platform enables independent supermarkets to process transactions, manage inventory, and offer financial services to consumers while facilitating sales management analysis.

SafetyPay

Venture Round in 2013
SafetyPay is a global internet payment solution that facilitates secure online transactions for customers using their local bank accounts in their preferred currency. Designed to address the increasing demand for safe online payment methods, SafetyPay allows users to make purchases from merchants worldwide without the need for credit cards. Its software caters to various industries, including airline, automotive, retail, finance, and insurance, by providing real-time global payment options. By enabling hassle-free and secure transactions, SafetyPay enhances the online shopping experience for consumers and merchants alike.

De Novo

Series A in 2010
De Novo LLC, headquartered in Kyiv, Ukraine, specializes in providing Infrastructure as a Service (IaaS) and data center solutions. The company's offerings include IT infrastructure transformation and optimization, engineering systems for data centers, software infrastructure solutions, and information lifecycle management. Additionally, De Novo provides banking technologies and services such as implementation and automation of IT services management processes, computing infrastructure consolidation and virtualization, workstation virtualization, platforms for business applications, centralized data security, and IT infrastructure control and monitoring systems. Their primary clients are banks, insurance companies, large retail businesses, and industrial enterprises. The company's technology and reliability have been validated by global leaders such as VMware and SAP.

Novica United

Series A in 2003
NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, focused on providing a diverse range of accessories for men and women. Established in 1998, the company offers women's accessories such as shawls, scarves, hats, gloves, belts, and travel items, as well as men's accessories including cufflinks, walking sticks, and wallets. In addition to its product offerings, NOVICA empowers global artisans by connecting them with customers and helping preserve artistic traditions. The company features over 30,000 unique, handmade works of art daily, encompassing artisan-crafted jewelry, apparel, and home decor. With regional offices in countries such as Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala, NOVICA aims to support and promote the skills of local craftspeople worldwide.
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