FINDINGS
Some significant investments by the IFC targeting the Indian consumer/retail space over the past ten years include $29 million investment in Bandhan Bank (2011); $25 million in India's online grocer, BigBasket (2015); and $25 million in Delhi-based Lenskart Solutions (2016). Other investments include a $38 million investment in three companies to fund consumer housing (2016); $60 million investment in Tata Capital Housing (2015); and a $150 million investment in HDB Financial Services to expand its individual, micro, and small business loan portfolio in India's low-income states (2018).

1. BANDHAN BANK (2011)
In 2011, the IFC invested $29 million in Bandhan Bank; which at the time was regarded as the most significant private sector investment in the microfinance sector in the country following India's microfinance crisis.
Over the years, the IFC's investment in Bandhan Bank increased to $150 million, which enables the bank to serve over 6.5 million borrowers including consumers.

2. BIGBASKET (2015)
The IFC invested $25 million in India's online grocer, BigBasket in 2015.
IFC's investment in BigBasket was the organization's first significant bet on India's bustling e-commerce sector; as of the time of the investment, BigBasket had its services across nine Indian cities with 2,900 employees.

3. TATA CAPITAL HOUSING (2015)
In 2015, IFC invested $60 million in Tata Capital Housing.
The investment by IFC in Tata Capital Housing was to enable the firm to increase its focus on affordable consumers housing segments in India's smaller towns and cities.

4. LENSKART (2016)
The IFC invested $25 million in Delhi-based e-commerce firm, Lenskart in 2016.
By investing in Lenskart, the IFC took a minority stake in Lenskart along with other investors.

5. INVESTMENT IN THREE AFFORDABLE HOUSING FINANCE COMPANIES (2016)
In 2016, the IFC announced its $38 million investment in three of India's affordable housing finance companies, Micro Housing Finance Corporation Limited (MHFC), Aspire Home Finance Corporation Limited, and Aptus Value Housing Finance India Ltd. (Aptus).
According to the IFC, the $38 million investment was to enable the companies to provide consumers affordable housing financing.

6. HDB FINANCIAL SERVICES (2018)
The IFC announced its $150 million senior debt investment in India's financial services firm, HDB Financial Services.
IFC's investment in HDB Financial Services was to enable the company "expand its individual, micro, and small business loan portfolio in the country's low-income states."

OTHER FINDINGS
Since it started operating in India in 1956, the IFC has invested in about 400 Indian companies to the tune of over $15 billion; in 2018 alone, the IFC invested above $6 billion in India.
In 2016, the IFC's Indian investments in the consumer and social services sector was $1,046 million, which was 9.41% of the total investment for that year; in 2015, the organization invested $748 million in this sector.

We began by examining regional and country-specific investment reports on the IFC database as well as that of its parent company, the World Bank, in search of significant investment made in India over the last ten years in the consumer/retail space. Unfortunately, there was no information available in the public domain on any of their official directories listing their investments in India by sector or over a given period. The only related information on the IFC directory mentioned that it has over 400 investments of over $15 billion in India since 1956 with no insights into the industries invested in. Also, we tried researching IFC's investment for each year over the past ten years; but, this information was not available in the public domain. However, in an IFC's report specific to India, the organization highlighted its 2011 investment in Bandha Bank, which we included in this report because the investment targeted expanding the services of the bank to consumers.

Next, we researched IFC's portfolio listing its most significant global investments. This time, we located only two investments in India relevant to this request, and they included the organization's investments in BigBasket and Lenskart. Therefore, we researched details of IFC investments in BigBasket and Lenskart and included them in this report because IFC listed them among its major investments and they were in the retail space, respectively. Besides, there was no list of investments by IFC over any given period publicly available. Also, in our research, we located a comprehensive study of IFC's global investments from 2001 to 2016 by the CG Dev Organization; still, this study did not reveal IFC's investments specific to countries or the consumer/retail space. So, it was not useful to this request.

Therefore, we proceeded to investigate reports on credible external portals including Economic Times of India, VC Circle, India Times, Tech Circle, and others. This time, we located a 2016 report by VC Circle, which presented a chart of IFC's investments in India between 2015 and 2016 and the overall amount IFC invested in the consumer sector. Unfortunately, this report did not provide a list of investments by IFC in the consumer/retail sector; instead, it listed some significant investments by IFC. Other relevant reports by the Economic Times of India and India Times mentioned some notable investments by the IFC but did not state the industry where the investments were made. So, we researched each investment by the IFC mentioned by the portals investigated to identify those which skewed towards the consumer/retails industry and provided the same in this report.

Please, note that due to lack of publicly available information listing the major investments by IFC over the last ten years in the public domain in India's consumer/retail space, we included details of the investments found in our research that targeted consumers. Also, as per our investigation of publicly available information, we could only locate six of IFC's investments in India relevant to the consumer/consumer space.