Lok Capital exits India BPO firm
India-focused VC firm Lok Capital has made a partial exit from Bangalore-based business process outsourcing (BPO) firm, RuralShores, generating a money multiple of 6x.
The identity of the buyer has not been revealed. Lok first invested an undisclosed amount in RuralShores - which claims to be India's first rural BPO company - in 2009 via its $22 million maiden fund....
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