# International Finance Corporation (IFC)

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/international-finance-corporation-ifc
Canonical HTML page: https://getyourbrief.com/entity/international-finance-corporation-ifc

## Timeline

- **2026-02-17**: Pre-Series C Round — Raised $50 million from Mubadala, Olayan, and international institutional investors.
- **2026**: Growth Target — Targeting 3% market share of Egypt's grocery sector and regional expansion into West Africa.
- **2021**: Expansion — Transitioned into a full e-grocery platform and expanded product categories to include meds and payments.
- **2017**: Founding — Breadfast launched by Mostafa Amin, Mohamed Habib, and Abdullah Noufal as a bread delivery service.

## Recent coverage (4 stories, network-wide)

### IMGC Adds 35-Year Financial Vet Rajesh Sud to Board, Elevating Talent Governance
2026-07-26 19:37:41 · Sector: hr · Sentiment: Neutral · Impact: 5/10 · Sources: 3

Rajesh Sud's board role at IMGC signals a talent and governance inflection point for the fast-growing mortgage guarantee firm. His 35-year track record in scaling financial giants offers a blueprint for building a leadership pipeline and culture ready for India's housing finance expansion.
Full story: https://gethrbrief.com/story/imgc-board-appointment-rajesh-sud-hr-leadership

### IMGC Appoints Ex-Axis Max Life CEO Sud to Board as Guarantees Cross ₹45,000 Cr
2026-07-26 19:37:30 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 3

Rajesh Sud's arrival strengthens IMGC's board at a pivotal moment, with ₹45,000 crore in guarantees already deployed. His insurance regulation expertise and Bharti group experience position the firm to seize a larger slice of India's $300B+ housing finance market and attract further institutional capital.
Full story: https://getfinancebrief.com/story/imgc-board-appointment-rajesh-sud-finance-housing

### Mubadala and Olayan Lead $50M Pre-Series C for Egypt's Breadfast
2026-02-18 20:06:14 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 5

Cairo-based e-grocery platform Breadfast has secured $50 million in pre-Series C funding from a high-profile consortium including Mubadala and Saudi Arabia's Olayan. The capital injection is earmarked for infrastructure expansion and regional growth as the company eyes a future global IPO.
Full story: https://getfinancebrief.com/story/mubadala-olayan-invest-50m-breadfast-egypt

### Mubadala Leads $50M Round for Breadfast as Egypt’s E-Grocery Market Heats Up
2026-02-18 20:05:06 · Sector: retail · Sentiment: Positive · Impact: 6/10 · Sources: 5

Egyptian e-grocery and delivery platform Breadfast has secured $50 million in pre-Series C funding from a high-profile consortium led by UAE’s Mubadala and Saudi Arabia’s Olayan. The capital injection is earmarked for infrastructure expansion and regional growth as the company prepares for a potential global IPO.
Full story: https://getretailbrief.com/story/mubadala-breadfast-egypt-egrocery-funding

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