Seed and early-sate venture capital fund Endiya Partners has announced receiving a commitment of $10 mn from the International Finance Corporation (IFC), member of the World Bank Group.
The partnership with IFC will provide Endiya portfolio companies with financial and strategic support resulting in increased access to growth opportunities and sustainable scalability, said Endiya in a statement on Monday.
“Early Stage VC investment volumes in India are markedly lower than VC volumes in countries like the US and China. Our investment in VC funds like Endiya helps mobilise capital from other LPs and brings that capital to path breaking early stage businesses,” said Jun Zhang, IFC Country Head, India. “Endiya Partners has demonstrated differentiation in access to high-quality Pre-Series A opportunities in Enterprise Technology and Healthtech sectors.”