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Lok Capital, a venture capital fund investing in high potential financial inclusion and broader inclusion enterprises, has invested $3 million in Bangalore-based RuralShores, a rural business process outsourcing company, as a series B investment. HDFC is an existing investor in RuralShores, from the previous round.
RuralShores will use the new round of fund raised to strengthen senior management, for business development, to develop robust systems and technology, and to scale up operations.
With this investment, Mr Ganesh Rengaswamy, Partner, Lok Capital, will be joining the board of RuralShores, a press statement said.
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