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The Udaipur-based startup plans to use the freshly raised funds to open 100-plus offline stores by the end of 2023.

The fund will invest early-stage companies in Africa, the Middle-East, Central Asia, and Pakistan.

The World Bank's private sector lending arm, the International Finance Corporation (IFC), has launched a 225-million-U.S.-dollar platform that seeks to strengthen venture capital ecosystems in Africa, the Middle East, Central Asia and Pakistan. IFC said the platform will provide funds that will be invested in early-stage companies that address development…

The IFC will also use the platform to rally for more capital from other development institutions and the private sector.

World Bank-backed International Financial Corporation (IFC) has launched a $225 million platform to strengthen venture capital...

According to the IFC, in 2021, these regions collectively received less than 2 per cent of $643 billion of global venture capital funding. Access to capital has been exacerbated by a slowdown in global venture capital investment, the COVID-19 pandemic, the rise in food and supply chain costs, higher interest rates, and currency depreciation.

NAIROBI, Nov. 15 (Xinhua) -- The World Bank private sector lending arm, the International Finance Corporation (IFC), has launched a 225-million-U.S.-dollar plat

IFC launches 225-mln-USD platform to boost startups in Africa, Asia-

Appeared at the capital platform. ♪ last night i had the strangest dream, i ever dreamed before ♪ ♪ i dreamed the world had all agreed to put an end to war ♪ sing it again. ♪ last night i had the strangest dream, ive never dreamed before ♪ ♪ i dreamed the world had all agreed to put an end to war ♪ sing it again. >> what is important is not just that we are here today because we have been here before, you and i.