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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.