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IFC invests in Alteria Capital's scheme to support Indian startups in fintech, EVs, and consumer brands.
The International Finance Corporation (IFC), part of the World Bank, has invested in Alteria Capital's Shorter Duration Scheme (SDS) in India, focusing on short-term liquidity for high-growth startups in fintech, electric vehicles, and consumer brands.
This marks IFC's first entry into India's SME credit sector, aiming to support innovative fund managers and drive economic growth.
Alteria Capital, with assets over Rs 4,500 crore, plans to deploy capital over three years to aid startups facing financing challenges.
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IFC invierte en el esquema de Alteria Capital para apoyar a las startups indias en marcas de Fintech, EV y consumidores.