Venture Capital

World Bank’s International Finance Corporation To Invest In Prime Venture’s Latest Fund

by techcircle.in posted 4months ago 73 views
World Bank’s International Finance Corporation (IFC) said on Thursday it will invest up to $15 million (Rs 111.6 crore) in Bengaluru-based Prime Venture Partners’ latest fund Seabright. The investment will be capped at 20% of the total fund size. IFC also proposes a co-investment of up to $15 million, it said in a disclosure. The World Bank arm said that Seabright will primarily focus on seed to Series A investments in Indian tech-enabled companies across healthcare, education, financial services, logistics, consumer internet and enterprise technology.

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