IFC and Riverwood Capital Invest in Netshoes (Latin America)

Source: International Finance Corporation

International Finance Corporation (IFC), a development finance institution, and Riverwood Capital, a technology-focused private equity firm, have invested US$45 million in Netshoes, a Brazil-based sporting goods e-commerce company. The investment will support Netshoes’ expansion in Latin America, as well as the development of its business vertical Zattini, an e-commerce fashion retailer.