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World Bank invests in online retail in developing economies

28
Jan
2014

The World Bank’s private-sector arm is investing up to 25 million euros ($34.18 million) in two online retailers, Lamoda in Russia and Dafiti in Latin America, the latest fundraising success for German venture capital firm Rocket Internet. The bank’s International Finance Corporation (IFC) will invest up to 15 million euros in Dafiti and up to 10 million in Lamoda, acknowledging the importance of the retail sector for developing economies.

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