ESIP Supermarket Grocery Supplies (IFC-37605)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Bengaluru, Mumbai, Hyderabad, Pune, Chennai, Mysore, Kolkata, Ahmedabad and Delhi-NCR
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 11, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 11, 2017

Disclosed by Bank Oct 10, 2015


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Project Description
This project provides funds to Supermarket Grocery Supplies Private Limited, an Indian grocery chain. The funds will go towards increasing the availability and quality of grocery products, expand the company workforce, and providing improved logistics management so the company ran have better access to agricultural products.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
For Inquiries About the Project and Local Access for Project Documentation: 1st Floor, Madan Arcade No. 129, 1st Main Road, Domlur 2nd Stage Bangalore – 560071, Karnataka. Phone: 080-43435000 Email: mailto:vipul@bigbasket.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/