International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
Regional Industry Director, Financial Institutions Group, Asia and Pacific
Stephanie Friedeburg
Vice President, Corporate Strategy and Resources
Mohamed Gouled
Vice President, Industries
Cheryl Hanway
Director
Saadia Khairi
Chief Risk Officer and Vice President
Rosy Khanna
Regional Industry Director for Financial Institutions in Asia-Pacific
Alfonso Garcia Mora
Regional Vice President for Europe, Latin America and the Caribbean
Vivek Pathak
Director and Global Head of Climate Business
Mary Peschka
Regional Director for Eastern Africa
Sergio Pimenta
Regional Vice President, Africa
Oumar Seydi
IFC Regional Director, Africa
Sarvesh Suri
Regional Industry Director, Infrastructure and Natural Resources
Dahlia Khalifa
Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone
Past deals in FMCG
Bizongo
Series E in 2025
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Shadowfax
Series E in 2024
Shadowfax operates an on-demand logistics network that provides technology-driven delivery solutions for various sectors, including food, pharmacy, e-commerce, and retail. The platform allows businesses to outsource their last-mile delivery services, enabling them to concentrate on their core operations. By leveraging advanced technology, Shadowfax aims to enhance customer satisfaction through faster and more reliable delivery experiences. The company's services cater to a wide range of merchants, including restaurants, FMCG providers, and both online and offline retailers, establishing itself as a trustworthy delivery platform in the logistics industry.
Drenik ND
Debt Financing in 2024
Drenik ND is a manufacturer and distributor of toilet paper, kitchen towels, napkins, and handkerchiefs.
Bizongo
Series E in 2023
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Meghna Group Of Industries
Debt Financing in 2023
Meghna Group of Industries is a prominent manufacturer and operator of consumer goods and services based in Bangladesh. It operates as a conglomerate, encompassing a diverse range of sectors, including sugar, oil, cement, beverages, tissue, poultry, chemicals, and paper. This extensive portfolio allows the company to cater to various market demands and contribute significantly to the economy. Meghna Group's commitment to quality and innovation has established it as a key player in the consumer products industry within the region.
Eurofarma Laboratorios
Debt Financing in 2022
Eurofarma is the first Brazilian multinational pharmaceutical company, founded in 1972, present in Latin America. It operates in all major pharmaceutical segments, occupying the 2nd position in the most prescribed laboratories ranking by the Brazilian medical community and is among the Top 4 generic drug laboratories in the country. Holder of a broad range of products, it also holds licenses and strategic partnerships for the promotion and marketing of third party’s products. The company's sales added up to around US$ 1 billion in 2014, reaching a 20% growth over the previous year. Licenses accounted for 10% of the total, approximately. Eurofarma has the largest medical sales force in Brazil (about 2,000 representatives) and is considered one of the best companies to work for, according to key publications. The company keeps its own operations in 15 countries, has over 10 manufacturing plants strategically located and an ambitious internationalization plan with growing investment in the R&D area.
GrowSari
Series C in 2022
GrowSari is a technology-driven B2B platform designed to assist sari-sari stores in evolving from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. By eliminating middlemen, GrowSari enables shop owners to digitally procure products directly from manufacturers, thereby reducing costs. The platform expands the range of available products and services, allowing these small retail establishments to offer additional options such as mobile top-ups, remittances, and banking services. With its focus on providing essential infrastructure and tools, GrowSari aims to empower grassroots communities by enhancing the capabilities and sustainability of local shops across the nation.
Bizongo
Series D in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
TradeDepot
Series B in 2021
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.
GrowSari
Series B in 2021
GrowSari is a technology-driven B2B platform designed to assist sari-sari stores in evolving from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. By eliminating middlemen, GrowSari enables shop owners to digitally procure products directly from manufacturers, thereby reducing costs. The platform expands the range of available products and services, allowing these small retail establishments to offer additional options such as mobile top-ups, remittances, and banking services. With its focus on providing essential infrastructure and tools, GrowSari aims to empower grassroots communities by enhancing the capabilities and sustainability of local shops across the nation.
Bizongo
Series C in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Frontier Nutrition
Series B in 2021
Frontier Nutrition, Inc. is a company that develops and manufactures fortified packaged food products aimed at addressing the nutritional needs of low and middle-income families in underserved communities worldwide. Founded in 2017 by Eddie Bearnot and Tanveer Ali, the company is headquartered in New Haven, Connecticut. Frontier Nutrition's offerings are informed by research in pediatric nutrition and behavioral marketing, ensuring that recipes are tailored to local diets while being optimized for taste, nutrition, and affordability. The company's mission is to combat early life and maternal malnutrition by providing low-cost, convenient food options to families facing challenges such as limited access to healthcare, transportation, and clean water, thereby promoting a sustainable standard of living.
Bizongo
Series C in 2021
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Twiga Foods
Debt Financing in 2020
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Bizongo
Series C in 2020
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Shadowfax
Series D in 2019
Shadowfax operates an on-demand logistics network that provides technology-driven delivery solutions for various sectors, including food, pharmacy, e-commerce, and retail. The platform allows businesses to outsource their last-mile delivery services, enabling them to concentrate on their core operations. By leveraging advanced technology, Shadowfax aims to enhance customer satisfaction through faster and more reliable delivery experiences. The company's services cater to a wide range of merchants, including restaurants, FMCG providers, and both online and offline retailers, establishing itself as a trustworthy delivery platform in the logistics industry.
Bizongo
Series C in 2019
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Twiga Foods
Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Hayat Holding
Debt Financing in 2018
Its mission is to offer high quality Turkish brand alternatives to the consumers all over the world in the sectors they operate. This goal; their production power, their developing and self-renewing human resources, their customer-focused approach and their belief in sustainability. Their vision to be known, liked and preferred in every corner of the world with their companies and brands in the sectors they operate in.
Twiga Foods
Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Bizongo
Series B in 2018
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Scanntech
Series B in 2014
Scanntech is a company based in Montevideo, Uruguay, that provides point-of-sale software and retail analytics solutions tailored for supermarket retailers and fast-moving consumer goods (FMCG) suppliers. Founded in 1992, Scanntech's technology enables independent supermarkets to effectively manage transactions, inventory, and financial services through its advanced point-of-sale systems. The platform also offers features such as ticket waiting functions, reporting capabilities, and various payment options, all designed to enhance the overall sales process. By leveraging these solutions, Scanntech aims to improve both the volume and quality of sales for its clients.
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