India, March 17 -- The International Finance Corporation (IFC), the private lending arm of the World Bank, is planning an equity investment of up to $35 Mn (about INR 303.9 Cr) into the venture capital firm A91 Partners' third fund.

IFC is also considering an additional co-investment of up to $30 Mn (about INR 260.5 Cr) into the new fund, according to a disclosure on the firm's website.

".IFC proposes an equity investment of up to US$35 Mn in the fund (capped at 19.99% of the total commitments in the Fund and Domestic Fund). Additionally, a delegated authority co-investment envelope of an amount of up to US$30 Mn in potential co-investments in the fund's portfolio companies is being proposed alongside the fund commitment," IFC said in a...