IFC proposes equity investment of up to $5m in Evermos

IFC proposes equity investment of up to $5m in Evermos

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), a member of the World Bank Group, has proposed an equity investment of up to $5 million in the Indonesian social commerce platform Evermos.

Return backer IFC is also considering a mobilisation of an additional sum of $16 million to support the growth of Evermos in Indonesia, it said in a disclosure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter