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India's DesiCrew raises $1.3m from VC players

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DesiCrew Solution, a rural business process outsourcing (BPO) service provider, has raised INR70 million ($1.3 million) in a Series B round from social investment manager responsAbility and Ventureast Fund Advisors India. The capital was channeled through responsAbility Ventures I and Ventureast Tenet Fund II, respectively.

According to techcircle, DesiCrew raised its Series A round last year, after receiving angel funding from Rajiv Kuchhal, a former executive at Infosys and a current board member of DesiCrew.

Incubated in 2005, DesiCrew focuses on providing socially responsible BPO services to rural and semi-urban India. Currently, the company employs over 130 people across five facilities in Tamil Nadu.

responsAbility Ventures I, a fund managed by Switzerland-headquartered responsAbility, held a first close in January 2011 at $15 million. It targets sectors such as microfinance, small- and medium-sized enterprise (SME) financing, independent media, healthcare and education.

Ventureast Tenet Fund II, which has a corpus of $15 million, invests up to $1 million in each portfolio company. It focuses on cleantech, enterprise mobility, credential verification and IT outsourcing service providers. Google Singapore has taken 30% stake in the fund.

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