Lok Capital Sells its Stake and Leaves RuralShores Business Services

Tuesday, April 29, 2014

The exit by Lok Capital has been made from its first fund, the $22 million (Rs 134.3 crore) Lok I, which invested in RuralShores across multiple rounds. The social venture capital firm is believed to have earned returns of 6 times its investment in rupee terms, and 4.6 times in dollar terms.

Source: The Economic Times (link opens in a new window)

financial inclusion, microfinance, rural development, venture capital