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 Transportation
Promigas
Post in 2024
Promigas is a company focused on the transportation, distribution, and sale of natural gas, oil, and other hydrocarbons. It operates in several segments, including gas transportation, gas distribution, integrated solutions for the hydrocarbon industry, and non-bank financing. The company is responsible for building and maintaining the infrastructure necessary for natural gas transmission and distribution. Promigas generates most of its revenue through its natural gas transmission and distribution activities, which include energy generation and liquid natural gas services. Through its comprehensive approach, Promigas provides essential solutions that support the hydrocarbon industry's operational needs.
Tanger Med Port Authority
Debt Financing in 2024
Tanger Med Port Authority, based in Morocco, is responsible for the management and development of port infrastructure and services. The authority focuses on coordinating the port community and ensuring the reliability and performance of the services offered to customers. It oversees the construction and maintenance of port facilities while regulating interactions among various stakeholders within the port ecosystem. The authority collaborates with reputable private operators, both national and international, who invest in the port's superstructures and equipment under concession contracts. These operators provide services that adhere to international standards of quality, safety, and security, thus enhancing the operational efficiency of the marine industry at the port complex.
Cobli
Series B in 2023
Cobli is a FleetTech company focused on simplifying and enhancing fleet management. Founded by Parker Treacy and Rodrigo Mourad, Cobli has experienced over 100% annual growth and has expanded its workforce to more than 400 employees. The company has raised $45 million in funding, primarily from Softbank, and operates across Brazil, serving diverse industries such as telecommunications, transportation, energy, e-commerce, and construction. Cobli's platform leverages IoT, Artificial Intelligence, Big Data, and video telemetry technologies to improve fleet efficiency. Its solutions are designed to reduce costs, enhance productivity, increase driver safety, ensure operational compliance, and elevate the customer experience. The company also specializes in vehicle tracking and provides tools for monitoring driver behavior, dynamic routing, and fraud prevention, addressing common challenges faced by fleet owners.
Cube Highways Trust
Post in 2023
Cube roadways Trust is utilizing the public-private partnership (PPP) model in the roadways sector to operate and manage highway projects in collaboration with the federal and state governments.
Mahindra Last Mile Mobility
Venture Round in 2023
Mahindra Last Mile Mobility is a division of Mahindra & Mahindra, specializing in a diverse range of last-mile mobility solutions, including petrol, CNG, diesel, and electric three- and four-wheelers for both passenger and freight transport. The division emphasizes sustainable mobility, particularly through its development of battery-operated electric vehicles, which aim to address climate change concerns. In addition to manufacturing electric vehicles, Mahindra Last Mile Mobility offers an application that provides features such as remote car control and vehicle range monitoring, facilitating seamless fleet operations for owners transitioning to electric vehicle fleets.
Gozem
Venture Round in 2022
Gozem is a super application that provides a range of transportation, delivery, and cashless payment services to its users. Available on both Android and iOS, the platform offers various ride-hailing options including motorcycle-taxis, car-taxis, and tricycle-taxis, catering to diverse mobility needs. In addition to these transportation services, Gozem also facilitates grocery delivery and financial services, making it a comprehensive solution for consumers, drivers, and retailers. The app aims to deliver convenient and cost-efficient access to essential services, enhancing the overall user experience in urban mobility and e-commerce.
Toters
Series B in 2022
Toters is a delivery service that connects customers with local retailers through its marketplace platform. The company offers a user-friendly application that allows customers to order food, groceries, and various products from neighborhood stores, facilitating a seamless shopping experience. Toters also operates dark grocery stores under the brand name Toters Fresh, enhancing its service offerings. The company has established a strong presence in its markets and maintains a leadership position across multiple verticals. Through a network of couriers, Toters ensures efficient delivery from any store within the city, allowing users to track their orders in real-time.
Truck Lagbe
Series A in 2021
Truck Lagbe is a logistics platform based in Bangladesh that facilitates the booking of trucks for shipping and freight transportation. The service allows shippers to hire vehicles ranging from 1 ton to 25 tons for both short-haul and long-haul trips. Available on Android and iOS, the application streamlines the process of securing transportation, enabling businesses to improve their logistics operations and ensure the safe delivery of goods.
Blackbuck
Series E in 2021
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.
Cebu Pacific
Post in 2021
Cebu Pacific, established in March 1996, is a leading low-cost airline in the Philippines, known for its "low fare, great value" strategy. It has successfully transported over 70 million passengers and operates through two main segments: its airline services, which include the parent company and its subsidiary CEBGO, and its maintenance services under A-Plus. The airline primarily generates revenue from transportation services and maintenance operations, catering to both domestic and international markets. Cebu Pacific's extensive network of distributors facilitates the sale of its air services across various regions, including Asia, Europe, and beyond, making it a significant player in the Philippine air transportation industry.
Bolt
Convertible Note in 2021
Bolt is the first European app with a mission to make cities for people, not cars. Bolt has 100 million customers in 45 countries across Europe and Africa. The company challenges personal car ownership, offering better alternatives for every use case, including ride-hailing, shared cars and scooters, and food and grocery delivery. Bolt was founded in 2013 and is headquartered in Tallinn, Estonia.
John Keells Group
Debt Financing in 2020
John Keells Group is a prominent diversified company based in Colombo, Sri Lanka, with operations spanning multiple sectors including transportation, consumer foods, retail, leisure, property, and financial services. The transportation segment leads in ports, shipping, and logistics, providing comprehensive services such as warehousing and freight forwarding. In consumer foods, the company offers a variety of products under well-known brands, including soft drinks, dairy, and processed meats. The retail segment operates a chain of supermarkets and distributes various office automation equipment. The leisure division manages luxury hotels and resorts, while the property segment focuses on developing and managing residential and commercial real estate. Additionally, the financial services segment encompasses insurance, commercial banking, and stock broking, with significant contributions from associated entities. Established in 1870, John Keells Group remains a key player in the Sri Lankan economy, generating most of its revenue domestically but also maintaining a presence in Asia and Europe.
tembici.
Series B in 2020
Tembici is the leading micro-mobility player in Latin America, providing first and last mile transportation solutions do daily commuters.
TruKKer
Series A in 2019
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.
TruKKer
Venture Round in 2019
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.
Blackbuck
Series D in 2019
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.
Visakha Container Terminal
Debt Financing in 2019
Visakha Container Terminal operates terminals and ports. The business provides storage, railway services, reefer operations, and container handling. In order to offer customers and suppliers secure, dependable services, they are outfitted with full-featured workshop and fueling facility modern software systems. These systems also have the adaptability to meet innovative client requirements for electronic data interchange.
Liftit
Series A in 2018
Liftit S.A.S. is a logistics company based in Bogotá, Colombia, that operates a technology-driven platform connecting cargo transportation services with individuals and businesses in need of these services. Established in 2016, Liftit serves as a marketplace for shippers requiring transportation for a variety of items, including home goods, electronics, and construction materials, by linking them with independent truck drivers. The platform focuses on enhancing the logistics industry through technological innovation, optimizing operations, and providing real-time monitoring and tracking of services from order placement to dispatch. This approach aims to streamline logistics management and improve efficiency for its users.
Mep Infrastructure Developers
Post in 2018
Mep Infrastructure Developers is an Indian infrastructure company established in 2002 and headquartered in Mumbai. The firm focuses on the construction, operation, and maintenance of road infrastructure, primarily serving central and state road authorities. It operates in several business segments, including toll collection, operation and maintenance, and construction. A significant portion of its revenue is derived from toll collection and maintenance services. The company emphasizes an innovative and technologically advanced business model that is largely self-funded and asset-light, making it efficient and easy to manage. Mep Infrastructure Developers also provides toll management services, assisting clients with the complexities of toll system implementation and operation, including the installation of electronic toll and cash collection systems as well as communication networks.
PickMe
Venture Round in 2018
As the market leader and Sri Lanka's most successful start-up business in recent times, they envision the intelligent upgrade of the local transportation industry; consequently inspiring Sri Lanka towards matching global standards in effective problem solving via technology. PickMe is the proud product of this vision, instilled by their leadership that comprises the enterprisingly youthful and highly accomplished, and realized by talent warehoused at their headquarters in Colombo, Sri Lanka. The PickMe software is a platform that facilitates a real time connection between the taxi passenger and the taxi driver, enabling mutual engagement for the receipt and delivery of a seamless service.
Mandaê
Series B in 2018
Mandaê is a Brazilian logistics company that leverages technology to enhance the delivery industry, offering an innovative and streamlined service for small and medium-sized businesses (SMBs). By providing a digital platform, Mandaê manages the entire parcel supply chain, including pickups, cross-docking, and last-mile transport, without owning physical assets. This model allows SMBs to utilize private transporters, significantly reducing their shipping costs by up to 35% compared to traditional postal services. Mandaê’s mission is to "Connect Stories" through logistics, ensuring a high-quality and efficient shipping experience. The company has received substantial investment from prominent Latin American investors and has gained recognition through various awards, including the ABComm Innovation in E-commerce Logistics Award and the São Paulo “Smart Cities” category of the 1776 Challenge Cup.
Lithium Urban Technologies
Venture Round in 2018
Lithium is a business that accelerates sustainability, by bringing solutions to the marketplace that are forward-looking, consumer-friendly and responsible. Lithium represents that unique mix of a company founded on strong commercial basis, proudly anchored in social responsibility and in continuous innovation. Lithium is India's first zero emission transport service, with our fleet of Electric Vehicles (EVs) and associated charging infrastructure, backed by strong technology platform for telemetry, GIS, employee transport management, scheduling, rostering and analytics based optimisation; and trained and certified drivers.
Oway
Venture Round in 2018
Oway, Inc. is a travel agency based in Yangon, Myanmar, founded in 2012. The company operates an online platform that allows users to book a variety of travel services, including flights, hotels, car rentals, and tours. Oway caters to both business travelers and consumers, offering solutions that include corporate travel management, visa assistance, and event planning. Additionally, the company provides taxi-hailing and e-payment services through its mobile application and website, facilitating efficient travel for its clients. With a comprehensive inventory and multiple payment options, Oway aims to enhance the travel experience for local and international customers.
Blackbuck
Series C in 2017
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.
Full Truck Alliance
Series B in 2017
Full Truck Alliance is a Chinese company that operates a platform connecting shippers with truckers to facilitate the transportation of goods over various distances and cargo weights. The company provides comprehensive services to both shippers and truckers through its mobile and web platforms. Its primary source of revenue comes from the use of these platforms for freight matching services, as well as additional value-added services. By streamlining the logistics process, Full Truck Alliance aims to enhance efficiency in freight transportation within the region.
Huochebang
Series B in 2016
Huochebang is an online truck logistics platform that connects cargo shippers with truck drivers across China. The company offers an integrated service that facilitates communication between these two parties by listing available truck capacity and assisting drivers in finding commodities to transport and vacant parking lots. Additionally, Huochebang provides services related to truck sales and used truck auctions, contributing to the overall efficiency and cost-effectiveness of the transportation sector. By streamlining the logistics process, Huochebang enhances the operations of both truckers and shippers in the Chinese market.
Oway
Series C in 2016
Oway, Inc. is a travel agency based in Yangon, Myanmar, founded in 2012. The company operates an online platform that allows users to book a variety of travel services, including flights, hotels, car rentals, and tours. Oway caters to both business travelers and consumers, offering solutions that include corporate travel management, visa assistance, and event planning. Additionally, the company provides taxi-hailing and e-payment services through its mobile application and website, facilitating efficient travel for its clients. With a comprehensive inventory and multiple payment options, Oway aims to enhance the travel experience for local and international customers.
Samson Maritime
Private Equity Round in 2008
Samson Maritime is provides marine support services to the oil and gas industry in India. It offers platform supply vessels and offshore supply vessels services in the areas of supplying of oil, water, cement, and other material to offshore rigs/installations; transferring personnel; emergency evacuations and medical assistance; stand by duties; routine surveillance for safety and security reasons; and assistance in rescue operations.
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