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IFC to invest $2 mn in Webdunia
World Bank`s private sector lending arm, International Finance Corporation, will invest $2 million in media content provider Webdunia India.
World Bank's private sector lending arm, International Finance Corporation, will invest $2 million in media content provider Webdunia India.
Of the $3 million capital requirement, $1 million would be brought in by Walden International and Times Internet Limited, a unit of Bennett, Coleman & Company, an IFC release said on Monday.
Webdunia, launched in 2000, provides Internet-based media content and operates portals in four major Indian languages-- Hindi, Malayalam, Tamil and Telugu.
Bureau Report