Fourcee, which has previously received investment from General Atlantic and India Equity Partners, plans to spend $132m over the next two years to expand its capacity to transport chemicals across the network.
IFC said it believed its investment would help encourage private equity participation in the Indian rail logistics sector and persuade hauliers to shift their cargoes to trains.
Fourcee uses a special type of container that can be loaded and unloaded on trains, trucks and ships on a door-to-door basis.
General Atlantic bought a minority stake in Fourcee for about $125m in January from US-based Mayfield Fund, which reportedly made a ten-times return on its initial investment.
Mayfield invested about $5m in Fourcee in 2010, followed by a $25m financing round led by India Equity Partners in 2011, which also saw additional investment from Mayfield.
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