Venture Capital

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

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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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