World Bank arm invests $10 mn in venture capital firm Endiya Partners

Funding helps Endiya portfolio companies with financial and strategic support

Endiya Fund II has received a commitment of $10 million (around Rs 75 crore) from the International Finance Corporation (IFC), a member of the World Bank Group.

IFC has committed an additional $10 million for direct co-investments alongside Endiya Fund II. The partnership with IFC will provide Endiya portfolio companies with financial and strategic support.

Endiya Partners is a seed and early-stage venture capital firm investing in Indian product start-ups. Endiya's current portfolio includes Darwinbox, Steradian Semiconductors, Kissht, SigTuple, and Myelin Foundry.

“Early Stage VC investment volumes in India are markedly lower than VC volumes in countries like the US