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Flipkart Valued at $37.6 Billion in New $3.6 Billion Fundraise
Flipkart said it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the Indian e-commerce conglomerate.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- e-commerce, impact investing, SMEs, startups, technology
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IFC Provides $150 Million Financing Package to SeABank
To support local businesses and help them make a resilient recovery after the Covid-19 pandemic, IFC is providing a $40 million loan to Southeast Asia Commercial Joint Stock Bank.
- Categories
- Entrepreneurship, Environment
- Region
- South Asia
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Analysis: World MSME Day 2021: Putting MSMEs at the Heart of Inclusive and Sustainable Recovery
Although some firms have been able to do well, across the board, MSMEs are reeling under the pandemic with widespread losses in terms of sales, profits and employment.
- Categories
- Coronavirus, Entrepreneurship, Health Care
- Region
- Asia Pacific
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IKEA, Rockefeller Foundations Partner over $1 Billion Global Platform to Fight Climate Change
The IKEA Foundation and The Rockefeller Foundation have partnered to form a $1 billion global platform to fight climate change.
- Categories
- Energy, Environment, Investing
- Region
- Global
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Press Release: DFC and FMO Launch $75 Million Co-Financing Facility to Boost COVID-19 Response in Developing Countries
Collaboration will bring much-needed liquidity to businesses in developing countries impacted by the pandemic
- Categories
- Coronavirus, Finance, Health Care
- Region
- Global
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African Guarantee Fund Secures $20 Million Capital Increase for Green SME Financing
African Guarantee Fund has today received a capital increase of USD 20 million from the Danish Investment Fund.
- Categories
- Coronavirus, Investing
- Region
- Sub-Saharan Africa
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Beyond Risk: How Addressing Transaction Costs Can Boost Lending to Agricultural SMEs in Africa
Providing loans to agricultural enterprises in East Africa can be a complicated task, with challenges ranging from higher origination costs to arduous journeys to conduct due diligence. As Brian Milder of Aceli Africa explains, that makes many lenders reluctant to serve these businesses — and this lack of capital is stunting the growth of local agri-SMEs. In this third article in a four-part series, he explores the barriers to financing in the industry – particularly the under-recognized role of high transaction costs in limiting capital flows – and shares how Aceli is addressing them.
- Categories
- Agriculture, Investing
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Press Release: Cooling Solutions for Micro-Entrepreneurs – Cross-Geographic Partnership to Share Learnings via Implementations
This global partnership is spurred by support from IKEA Foundation through the Efficiency for Access Research and Development Fund awarded to Devidayal Solar Solutions Pvt. Ltd.
- Categories
- Energy
- Region
- Global
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