# International Finance Corporation's Investments in India: 19 Startups by Sector (2026)

> The 19 startups in India that International Finance Corporation has backed, by sector: Fintech, Energy and B2B and more. $2.2B raised. Updated nightly.

Source: https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-investments-india (Millionrounds; every figure on the page links to its filing or article)

## Fintech

4

- [Mintifi](https://millionrounds.com/company/mintifi)
- [*C* Coverfox](https://millionrounds.com/company/coverfox)
- [*NT* Navi Technologies](https://millionrounds.com/company/navi-technologies)
- [Suryoday Micro Finance](https://millionrounds.com/company/suryoday-micro-finance)

## Energy

3

- [Hero Future Energies](https://millionrounds.com/company/hero-future-energies)
- [CleanMax](https://millionrounds.com/company/cleanmax)
- [Applied solar Technologies](https://millionrounds.com/company/applied-solar-technologies)

## B2B

2

- [Moglix](https://millionrounds.com/company/moglix)
- [Power2SME](https://millionrounds.com/company/power2sme)

## Automotive & EVs

2

- [GreenCell Mobility](https://millionrounds.com/company/greencell-mobility)
- [Kazam](https://millionrounds.com/company/kazam)

## Biotech

2

- [*M* MedGenome](https://millionrounds.com/company/medgenome)
- [NephroPlus](https://millionrounds.com/company/nephroplus)

## Logistics

2

- [Blackbuck](https://millionrounds.com/company/blackbuck)
- [*S* Shadowfax](https://millionrounds.com/company/shadowfax)

## Construction

2

- [Oriental InfraTrust](https://millionrounds.com/company/oriental-infratrust)
- [*TE* TVS Emerald](https://millionrounds.com/company/tvs-emerald)

## Healthtech

2

- [Portea Medical](https://millionrounds.com/company/portea-medical)
- [Synapsica](https://millionrounds.com/company/synapsica)

## Segment by segment

### Fintech

4 startups · $167M raised

- [**Mintifi**](https://millionrounds.com/company/mintifi) Mintifi is a Mumbai-based fintech company founded in 2017, specializing in supply chain financing. India $100M
- [*C* **Coverfox**](https://millionrounds.com/company/coverfox) India $43M
- [*NT* **Navi Technologies**](https://millionrounds.com/company/navi-technologies) Navi is a Bengaluru-based firm helping build consumer-centric businesses in the BFSI (Banking, Financial Services & Insurance) space. India $20M
- [**Suryoday Micro Finance**](https://millionrounds.com/company/suryoday-micro-finance) Suryoday is a non-banking finance company that engages in providing loans to women from economically weaker sections and below poverty line. India $4.5M

### Energy

3 startups · $546M raised

- [**Hero Future Energies**](https://millionrounds.com/company/hero-future-energies) Hero Future Energies provides clean power to industries, businesses, educational institutes, non-profits and governmental organizations. India $340M
- [**CleanMax**](https://millionrounds.com/company/cleanmax) CleanMax is an Indian rooftop solar developer. India $165M
- [**Applied solar Technologies**](https://millionrounds.com/company/applied-solar-technologies) AST provides off-grid solar power to the telecom and banking sectors. India $40M

### B2B

2 startups · $376M raised

- [**Moglix**](https://millionrounds.com/company/moglix) Moglix is an online marketplace for business supplies and industrial equipment. India $345M
- [**Power2SME**](https://millionrounds.com/company/power2sme) Power2SME is a group buying site that provides inks, steel, polymers, paints and chemicals for small and medium enterprises in India. India $31M

### Automotive & EVs

2 startups · $130M raised

- [**GreenCell Mobility**](https://millionrounds.com/company/greencell-mobility) GreenCell Mobility offers clean, cost-effective, and on-demand shared e-mobility solutions. India $124M
- [**Kazam**](https://millionrounds.com/company/kazam) Kazam provides IoT enabled EV charging software and hardware. India $6.2M

### Biotech

2 startups · $176M raised

- [*M* **MedGenome**](https://millionrounds.com/company/medgenome) India $118M
- [**NephroPlus**](https://millionrounds.com/company/nephroplus) NephroPlus is a dialysis center network that provides dialysis, kidney stone treatment, AV Fistula surgery, and other treatments. India $58M

### Logistics

2 startups · $368M raised

- [**Blackbuck**](https://millionrounds.com/company/blackbuck) India's Largest Trucking Platform India $330M
- [*S* **Shadowfax**](https://millionrounds.com/company/shadowfax) India $38M

### Construction

2 startups · $377M raised

- [**Oriental InfraTrust**](https://millionrounds.com/company/oriental-infratrust) Oriental InfraTrust is an infrastructure construction services company. India $331M
- [*TE* **TVS Emerald**](https://millionrounds.com/company/tvs-emerald) TVS Emerald offers housing solutions and projects with a focus on quality building materials, design and an environmental-friendly approach. India $46M

### Healthtech

2 startups · $96M raised

- [**Portea Medical**](https://millionrounds.com/company/portea-medical) Portea Medical is the largest and fastest growing provider of in-home medical care in India today with a 24-city network. India $92M
- [**Synapsica**](https://millionrounds.com/company/synapsica) Synapsica Healthcare Pvt Ltd is an Indian HealthTech startup founded in 2018-2019, based in Bengaluru with a registered office in New Delhi. India $4.2M

**How this map is made.** Every startup here has raised money in a round we track that names International Finance Corporation as an investor and is based in India. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Investments abroad **International Finance Corporation's investments in Brazil** 17 startups · $3.6B](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-investments-brazil)[Portfolio map **International Finance Corporation portfolio map** 134 startups · $23B](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-portfolio-map)[Co-investors **Who invests with International Finance Corporation** 112 co-investors](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-co-investors)[Sector portfolio **International Finance Corporation's Fintech portfolio** 43 startups · $8.4B](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-fintech-portfolio)[Sector portfolio **International Finance Corporation's Energy portfolio** 16 startups · $3.9B](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-energy-portfolio)[Sector portfolio **International Finance Corporation's AI portfolio** 10 startups · $909M](https://millionrounds.com/portfolio-maps/international-finance-corporation-ifc-ai-portfolio)

## Raising from investors like International Finance Corporation?

Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports.

[Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)
