Lok Capital Invests $3 million in Rural BPO
Friday, September 16, 2011
Lok Capital venture fund on Thursday said it has invested $3 million (Rs.1.44 crore) in RuralShores Business Services Ltd, a rural business process outsourcing (BPO) firm.
“RuralShores will use the second round of funding to expand its operations in the rural BPO space for business development,” Lok Capital partner Ganesh Rengaswamy said in a statement here.
With 10 back office centres across the country, including three in Karnataka, two in Tamil Nadu and one each in Andhra Pradesh, Gujarat, Maharashtra, Madhya Pradesh and Rajasthan, the company is set to open 10 more centres by March 2012.