World Bank's IFC Pledges Capital For Global Firms' India Push

Last year, IFC made a $30 million investment in L Catterton's $600 million India-dedicated fund and earmarked an additional $30 million for co-investments,accordingto a May 23 disclosure.

Last year, IFC made a $30 million investment in L Catterton's $600 million India-dedicated fund and earmarked an additional $30 million for co-investments,accordingto a May 23 disclosure. Six years ago, IFC would make one or two fund investments annually, which has since grown to an average of three to five, Neha Grover, regional lead for South Asia Funds Group at the IFC, said.