International Finance Corporation

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

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

Vice President and Chief Risk Officer

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

Valency International

Debt Financing in 2024
Valency International is a global commodities trading company, specializing in the sale and purchase of a wide array of products, including agriculture, fertilizer, industrial, and other commodities. It serves diverse industrial sectors by facilitating the trade of steel, iron ore, fertilizers, raw nuts, timber chemicals, and agricultural products, aiming to provide clients with affordable and reasonable pricing.

Natura Cosmeticos

Debt Financing in 2024
Natura Cosméticos is a Brazilian manufacturer and marketer of beauty, household, and personal care products. The company's diverse product range includes items for babies and children, hair care, body and bath, men's grooming, makeup, and fragrances, marketed under various brands such as Mamae e Bebe, VoVo, and Erva Doce. Natura's offerings encompass bath products, deodorants, oils, and specialized solutions for men, including hair and beard care. The brand emphasizes a commitment to sustainability and ethical practices, selling its products through a network of representatives and over 3,200 retail locations worldwide. Through its international operations, Natura aims to expand its presence and cater to a global audience, focusing on quality and innovation in the beauty and personal care sectors.

Volcafe

Debt Financing in 2024
Volcafe is a global green coffee trading company that specializes in sourcing, preparing, and delivering high-quality arabica and robusta coffee beans to clients worldwide. The company's core business involves procuring coffee beans directly from producers, managing risks associated with crop fluctuations, ensuring stringent quality control, and facilitating efficient logistics to meet the diverse needs of its clients in the global coffee industry.

Ulker Biskuvi Sanayi

Post in 2024
Ulker Biskuvi Sanayi AS is a prominent Turkish food manufacturer specializing in a wide range of products, including biscuits, crackers, chocolate, and cakes. Operating from multiple production facilities across Turkey, the company is well-known for its major brands such as Ulker, Alpella, Halk, Kat Tat, and Karsa. Biscuit and chocolate sales constitute over 80% of the company's revenue, with the majority of its business generated from the domestic market. Ulker Biskuvi also holds a financial interest in the renowned Godiva brand. As a subsidiary of Yildiz Holding, Ulker Biskuvi plays a significant role in the confectionery sector, catering to both national and international markets.

Drenik ND

Debt Financing in 2024
Drenik ND is a manufacturing and distribution company specializing in hygienic paper products. It produces and supplies a range of items, including toilet paper, kitchen towels, napkins, and industrial towels, with a focus on improving well-being through hygiene and health solutions.

Edita Food Industries

Post in 2023
Edita Food Industries is a prominent consumer goods company based in Egypt, specializing in the manufacture, packaging, marketing, and distribution of a wide variety of food and snack products. The company's offerings include confectionery items such as cakes, biscuits, wafers, rusks, and candy, with notable brands like Molto, TODO, Bake Rolz, and Twinkies. Edita operates across six key segments, with the cakes segment accounting for a significant portion of its sales. The company boasts an extensive distribution network that serves wholesalers and retailers throughout the Middle East and North Africa, reaching over seventeen regional markets. In addition to its core operations, Edita has the flexibility to engage in alternative activities and pursue ownership stakes in other companies, in compliance with local laws and regulations.

Meghna Group Of Industries

Debt Financing in 2023
Meghna Group of Industries is a prominent conglomerate in Bangladesh, engaged in the manufacturing and operation of a diverse range of consumer goods and services. The company operates across several sectors, including sugar, oil, cement, beverages, tissue products, poultry, chemicals, and paper. Its extensive portfolio reflects its commitment to meeting the needs of various markets and contributing to the country's economic development. With a focus on quality and innovation, Meghna Group has established itself as a key player in the consumer goods industry in Bangladesh.

AwanTunai

Series A in 2022
AwanTunai is a fintech company based in Jakarta Timur, Indonesia, founded in 2017. It focuses on digitizing the traditional fast-moving consumer goods (FMCG) supply chain by providing a mobile application that connects micro merchants with essential financial services. The platform allows users to access working capital loans and facilitates online ordering, customer management, and payment acceptance. AwanTunai aims to enhance financial inclusion for individuals who lack access to conventional banking products by offering mobile-based credit and connecting them with lenders. As a regulated fintech institution, it has the capability to originate, service, and collect bank-compliant loan assets, ensuring comprehensive customer control. Additionally, AwanTunai collaborates with global insurance institutions to offer auto-trigger micro-insurance protection, contributing to the overall welfare of its users.

GrowSari

Series C in 2022
GrowSari is a technology-driven B2B platform designed to empower sari-sari stores by transforming them from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. The company provides shop owners with the necessary tools and infrastructure to digitally procure goods, thereby eliminating the need for middlemen. Through its e-commerce marketplace, GrowSari connects stores directly to suppliers, enabling owners to expand their product offerings to include mobile top-ups, remittances, and banking services. This approach not only helps store owners reduce costs but also enhances their understanding of market trends, ultimately benefiting grassroots communities across the nation.

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.

Hikal

Private Equity Round in 2021
Hikal Limited, established in 1988 and based in Navi Mumbai, India, is a chemical manufacturing company that produces and supplies a wide array of chemical intermediates, specialty chemicals, and active pharmaceutical ingredients (APIs). It caters to diverse industries such as pharmaceuticals, food, animal healthcare, biotech, crop protection, and specialty chemicals, offering custom synthesis, contract research, and manufacturing services. Hikal's product portfolio also includes specialty biocides, antimicrobial actives, and additives for various applications like leather, paint coatings, paper, water treatment, personal care, building materials, and textiles. The company operates through two main segments: Pharmaceuticals, which focuses on API production, and Crop Protection, which manufactures pesticides and herbicides. Hikal is committed to responsible business practices and offers an online inquiry form on its website for customer convenience.

GrowSari

Series B in 2021
GrowSari is a technology-driven B2B platform designed to empower sari-sari stores by transforming them from basic fast-moving consumer goods (FMCG) outlets into comprehensive service hubs. The company provides shop owners with the necessary tools and infrastructure to digitally procure goods, thereby eliminating the need for middlemen. Through its e-commerce marketplace, GrowSari connects stores directly to suppliers, enabling owners to expand their product offerings to include mobile top-ups, remittances, and banking services. This approach not only helps store owners reduce costs but also enhances their understanding of market trends, ultimately benefiting grassroots communities across the nation.

Chaldal

Grant in 2021
Chaldal Limited is an online grocery and delivery service based in Dhaka, Bangladesh, with operations extending to Chattogram and Jashore. Founded in 2013, the company aims to provide customers with a wide selection of daily essentials, including groceries, beauty and health care products, baby care items, and home necessities. Chaldal stocks over 4,000 products across its warehouses and leverages a cloud-based inventory system, allowing customers to view real-time product availability. The company prioritizes convenience by offering delivery within an hour, mimicking the experience of shopping in a large retail store, which is often limited in local markets.

Frontier Nutrition

Series B in 2021
Frontier Nutrition, Inc. is a company dedicated to developing and manufacturing nutritious food products tailored for families in low and middle-income communities worldwide. Founded in 2016, the company focuses on addressing malnutrition, particularly among mothers and young children, by providing affordable and convenient food options. Their product offerings are based on research in pediatric nutrition and behavioral marketing, ensuring that recipes are not only nutritionally optimized but also appealing in taste and price. By localizing their recipes to fit traditional diets, Frontier Nutrition aims to make a significant impact on public health in frontier markets, where access to healthcare, clean water, and transportation can be limited. The company operates from its base in New Haven, Connecticut, and is committed to fostering sustainable living standards for underserved populations.

Twiga Foods

Debt Financing in 2020
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

ofi

Post in 2020
Olam International Limited is a prominent agri-business established in 1989 and headquartered in Singapore. The company operates across 70 countries, providing a diverse range of agricultural products and industrial raw materials to over 16,200 customers. Olam has built a strong presence in various sectors, including cocoa, coffee, cashew, rice, and cotton, offering 47 different products across multiple platforms. Its business segments include Edible Nuts and Spices, Confectionery and Beverage Ingredients, Food Staples and Packaged Foods, Industrial Raw Materials, Infrastructure and Logistics, and Commodity Financial Services. The company sources, processes, packages, and merchandises products such as cocoa, coffee, edible nuts, grains, sugar, spices, and various raw materials. Employing approximately 62,500 individuals, Olam International has established itself as a leader in the agricultural sector, committed to sustainability and innovation in its operations.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Hayat Holding

Debt Financing in 2018
Hayat Holding is a Turkish company specializing in the Fast-Moving Consumer Goods sector, with a diverse portfolio that includes home care products, women's hygiene items, baby care essentials, and patient wear. The company is committed to providing high-quality alternatives to consumers worldwide, driven by its production capabilities and a focus on developing human resources. Hayat Holding emphasizes a customer-centric approach and sustainability in its operations, aiming to build a strong global presence. The company's vision is to be recognized and preferred across various markets, leveraging its brands to meet consumer needs effectively.

Chaldal

Series A in 2018
Chaldal Limited is an online grocery and delivery service based in Dhaka, Bangladesh, with operations extending to Chattogram and Jashore. Founded in 2013, the company aims to provide customers with a wide selection of daily essentials, including groceries, beauty and health care products, baby care items, and home necessities. Chaldal stocks over 4,000 products across its warehouses and leverages a cloud-based inventory system, allowing customers to view real-time product availability. The company prioritizes convenience by offering delivery within an hour, mimicking the experience of shopping in a large retail store, which is often limited in local markets.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

BigBasket

Series E in 2018
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

BigBasket

Venture Round in 2017
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

BigBasket

Series D in 2016
BigBasket is an online food and grocery store that specializes in delivering personal and household necessities directly to customers' doorsteps. The company offers a user-friendly platform where customers can browse an extensive range of products, select their desired items, and schedule deliveries at their convenience. BigBasket prioritizes product quality by handpicking each item and ensuring it goes through a thorough safety packaging process before reaching the customer. By focusing on efficiency and convenience, BigBasket aims to simplify the grocery shopping experience, allowing users to shop from the comfort of their homes or offices.

Scanntech

Series B in 2014
Scanntech is a company based in Montevideo, Uruguay, that specializes in providing point-of-sale software and retail analytics solutions for independent supermarkets and fast-moving consumer goods (FMCG) suppliers. Founded in 1992, Scanntech's platform enables retail clients to efficiently process transactions, manage inventory, and access financial services. The software includes features for managing top-ups, ticket waiting functions, and comprehensive reporting, all aimed at enhancing the sales volume and quality for its users. Through its innovative technology, Scanntech supports supermarkets in optimizing their operations and improving customer experiences.
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