PROJECT

Projects

Summary of Investment Information

Project Number

35214

Company Name

Digital Services Xvi SARL

Date SPI Disclosed

Aug 29, 2014

Country

Eastern Europe Subregion

Region

Europe

Projected Board Date

Sep 30, 2014

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Equity Portfolio Management

Industry

Tourism, Retail and Property

Previous Events

Approved : Dec 16, 2014
Signed : Feb 18, 2015
Invested : Feb 25, 2015

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Kaymu Eurasia is an Online Marketplace that enables businesses and consumers to offer their goods for sale online and end customers to research, compare prices and purchase online. This venture was initiated by Rocket Internet GmbH (“RI”), a global online venture builder. Kaymu Eurasia has identified IFC as a potential strategic partner in its endeavor to significantly expand its e-commerce footprint in Eastern Europe and Central Asia and has invited IFC to provide equity capital to support its growth (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation