International Finance Corporation’s (IFC) venture capital arm will increasingly focus on supporting accelerators and incubators in India, buoyed by the country’s growing entrepreneurial activity, a senior executive said.
Besides, it will continue to broaden its focus on making direct investments in companies and coming as a limited partner in venture capital funds in India, Ruchira Shukla, who leads IFC’s regional VC activity in South Asia, said in an interview with VCCircle.
IFC’s venture arm expects healthcare, education and consumer Internet to continue to pull in significant capital in South Asia. It will also be open to making offbeat investments, albeit selectively. “Some of the new emerging tech areas like IoT, Artificial Intelligence and genomics will start seeing flow of money as people recognise that these will be areas where a lot of future growth resides,” she said.
Shukla also talked about investment opportunities and challenges in other South Asian countries including Bangladesh and Sri Lanka, and how India and China will continue to remain important markets for the World Bank’s private-sector investment arm.
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