Stellaris’ maiden fund ventures out with $10 million from IFC

Stellaris' maiden fund ventures out with $10 million from IFC

International Finance Corporation (IFC), the private-investment arm of World Bank, is making an equity investment of $10 million in Stellaris Venture Partners' maiden fund, it announced in a disclosure. This is the third funding commitment by IFC in an India-focused VC fund this year. The commitment comes a few months after Stellaris, which was started by former top executives at…