IFC backs four India SME-focused funds with $70 million
New Delhi-headquartered Pragati India Fund, an early and growth stage focused private equity investor, has raised $70 million from developmental finance institutions International Finance Corporation (IFC) and the UK government-backed Commonwealth Development Corporation (CDC). While IFC has committed $20 million to the fund, CDC has provided $50 million. Pragati has a target corpus of $100 million for its maiden fund….