IFC likely to invest up to $4m in Sri Lankan ride app PickMe

IFC likely to invest up to $4m in Sri Lankan ride app PickMe

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is proposing an equity investment of $3 million to $4 million in Sri Lankan ride-hailing app Digital Mobility Solutions Lanka, more commonly known in the country as PickMe.

PickMe currently provides taxi hailing app-based service for five types of vehicles that are common in Sri Lanka – autorickshaw, nano car, mini car, sedan, and van – with operations focused on the Colombo area and Kandy.

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