PROJECT

Projects

Summary of Investment Information

Project Number

33609

Company Name

Dafiti Latam GmbH & Co. Beteiligungs KG

Date SPI Disclosed

Jun 17, 2013

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Jul 18, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Tourism, Retail and Property

Previous Events

Approved : Jul 22, 2013
Signed : Sep 12, 2013
Invested : Nov 7, 2013

Sector

Content (B2C Companies)

Project Description

This is an update to the summary of investment information document for project 33609 which was publically disclosed on June 17 2013 under its former name “Rocket Internet”. The previous summary of investment information for Rocket Internet described IFC’s proposed investment into two companies: Dafiti Latam GmbH & Co. Beteiligungs KG (“Dafiti”) operating in Latin America and Lamoda GmbH (“Lamoda”) operating in Russia and Kazakhstan. The following summary relates to IFC’s potential investment into Dafiti only. The proposed investment in Lamoda is now covered in a separate summary for project 34026.

Bigfoot GmbH (“BF”) has launched, through subsidiaries, online retailing ventures in South America, the Commonwealth of Independent States and Asia (India). BF was initiated by Rocket Internet GmbH (“RI”), a global online venture builder.

BF has identified IFC as a potential strategic partner in its endeavor to significantly expand its e-commerce footprint in emerging markets and has invited IFC to provide equity capital to support the growth of Dafiti, its subsidiary operating in Latin America (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation