International Finance Corporation (IFC), the private sector arm of the World Bank Group, is proposing a $25-million investment in the latest private equity (PE) fund of India-based mid-market investor Gaja Capital.
Gaja Capital, founded in 2004 by Gopa Jain, is targeting $400 million for its latest vehicle, Gaja Capital India Fund 2020, to invest in 12 to 15 mid-sized companies in the education, healthcare, financial services, consumer, and SaaS sectors.
