Alongside Tata through its Innovations Fund in the Vortex Engineering round, which is trying to raise R500m, were repeat backers Aavishkaar, a venture philanthropy firm, Bamboo Finance and Venture East.
Vortex Engineering, an India-based maker of rural cash machines (ATMs, pictured), has raised R370m ($6.9m) from a consortium including Tata Capital, the financial services division of the local conglomerate, as a new investor.
Alongside Tata through its Innovations Fund in the round, which is trying to raise R500m, were repeat backers Aavishkaar, a venture philanthropy firm, Bamboo Finance and Venture East.
Vortex has deployed more than 400 rural ATMs for State Bank of India, and is deploying ATMs in rural and semi…
