Funding Archives

May 29, 2023

Colombo 29th May, 2023: Addressing the critical issue of rising food insecurity among marginalized and vulnerable communities, The Coca-Cola Foundation (TCCF – the global philanthropic arm of The Coca‑Cola Company) recently awarded grants to Sevalanka Foundation and Sri Lanka Red Cross that provided food relief packages to over 7,800 families. Through this project, […]

February 13, 2023

With the aim of scaling up to pursue its ambitious expansion plans to be in the forefront of providing households with a range of home services with its revolutionary and streamlined platform, QuickHelp has recently secured LKR 21mn through a seed funding round. The funding was backed by existing investor Bhanuka Harischandra […]

November 25, 2022

COLOMBO – The United Nations World Food Programme (WFP) in Sri Lanka welcomed a contribution of EUR 500,000 (approximately LKR 190 million) from France towards its emergency response for children and families affected by the country’s worst economic crisis in decades. Around 9,000 families facing high levels of food insecurity will receive […]

November 17, 2022

John Keells X (JKX) is a startup accelerator and open innovation programme that has been helping startups obtain funding, receive training and the right connections to scale and grow into successful companies. JKX recently conducted “JKX Accelerate” Demo Day, following the Pre-Accelerator programme for startups. The event saw 12 startups pitching to […]

July 27, 2022

Colombo, Sri Lanka, July 27, 2022—Sri Lanka’s premier connectivity provider, Dialog Axiata PLC (Dialog), is set to expand and improve broadband connectivity across the country with International Finance Corporation’s (IFC) support. IFC’s loan of up to $150 million will help Dialog expand and improve its network capacity through the […]

June 22, 2022

More-than-3-million-people-require-urgent-assistance-as-their-food-security-and-nutrition-are-at-risk.-LBN-Fill.jpg

BANGKOK/COLOMBO – The United Nations World Food Programme (WFP) welcomed an AUD 22 million (US 15 million) contribution from the Government of Australia to help millions of Sri Lankans who are unable to afford food. On 16 June, WFP launched a US$ 60 million emergency food and nutrition assistance for 3 million […]

June 16, 2022

Upflex secures Series A funding from a collective of strategic investors including Newmark, WeWork, Cushman & Wakefield Global hybrid office solutions platform Upflex has successfully raised a round of Series A funding from a collective of strategic investors, led by WeWork. The startup counts names such as American Express, Schneider Electric, […]

March 30, 2022

The financing raised via Murabaha financing structure, shall meet MFIN’s funding requirements for the financing of new two-wheeled motor vehicles JAKARTA, Indonesia, March 29, 2022/APO Group/ — The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (“IsDB”) Group, signed […]

October 30, 2020

Washington, D.C., October 30, 2020—IFC’s pandemic response is focused on reaching the most vulnerable people in developing countries. Of the $8 billion in IFC COVID-19 fast-track financing approved by the IFC Board in March 2020, $4 billion has been committed to date, of which close to half is expected to benefit people […]

The Coca-Cola Foundation’s funding addresses food insecurity among 7800 marginalized families during times of need

Sri Lanka’s Home Service Start-up QuickHelp Closes Rs. 21mn Seed Funding Round

Funding from France to help WFP Sri Lanka deliver food assistance to young children at risk of malnutrition

John Keells X hosts Demo Day following Pre-Accelerator Programme for startups

IFC Provides US$150 Million Funding Package to Dialog Axiata PLC Towards Broadband Infrastructure Development in Sri Lanka

Australia provides critical funding to help WFP respond to rising food insecurity in Sri Lanka

Calcey-backed Upflex secures USD 30M investment led by WeWork

Islamic Corporation for the Development of the Private Sector (ICD) and Partner Provide Financing to Indonesia Multifinance Company for SME Sectors

IFC Helps Businesses In Poorest Countries Fight Pandemic With $4 Billion In COVID-19 Financing