iBUS Nets INR 280 Cr From World Bank Group’s IFC To Expand Its Digital Infra Play In Overseas Market

iBUS Nets INR 280 Cr From World Bank Group’s IFC To Expand Its Digital Infra Play In Overseas Market

SUMMARY

IFC has also bought a minority stake in the Bengaluru-based company on the back of this investment.

With the fundraise, Morgan Stanley along with high net-worth individual (HNI) investors have exited the company with a return in the range of 20%-45%, 

The recent funding also comes a few months after NIIF acquired a majority stake in iBUS for INR 1,658 Cr (around $200 Mn). 

Digital infrastructure solutions startup iBUS has raked in INR 280 Cr (around $34 Mn) from the World Bank Group’s arm International Financial Corporation (IFC) to expand its footprint in the overseas market.

As per news agency PTI, IFC has also bought a minority stake in the Bengaluru-based company on the back of this investment.

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