November 11, 2025: The International Finance Corporation (IFC) has committed $60 million to Everstone Capital’s fifth private equity fund, targeting mid-market companies across India and Southeast Asia. This strategic infusion is set to energize sectors like healthcare, technology, consumer goods, and financial services, industries that often serve as growth platforms for emerging startups.
For early-stage founders, this move is not merely about capital it is about momentum. As mid-sized firms scale with institutional support, they create stronger demand chains, more robust B2B opportunities, and potential acquisition routes for startups. The investment also reinforces confidence in the region’s economic resilience, especially for ventures navigating post-pandemic recovery.
IFC–Everstone push for India & SEA expansion with fresh capital
“Mid-market companies are central to IFC’s strategy to advance job creation, economic resilience, and sustainable growth in India and Southeast Asia. Our partnership with Everstone is grounded in a shared mission to mobilise long-term private capital and drive innovation across priority sectors. By investing in Fund V, we aim to deliver lasting impact for business and communities across the region,” said Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds.
The fund emphasizes ESG principles, aligning with the growing number of startups focused on sustainability and inclusion. With IFC’s backing, the fund’s total capital now exceeds $170 million, positioning it as a key player in shaping the next wave of growth-oriented enterprises.
Everstone’s track record with IFC includes prior investments in SaaS firms like Wingify, signaling that tech-driven startups are already part of the narrative. The fund’s ESG focus also means startups aligned with sustainability and inclusion may find themselves on the radar sooner than expected.
In short, while the money isn’t going directly to startups, the ripple effect is real—more capital, more partnerships, and more room to grow.
