Vakrangee Limited entered into a binding term sheet to acquire 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation for INR 33.3 million.

Vakrangee Limited is an India-based technology company. It offers various services, which are focused on financial, social, and digital inclusion of its customers. It operates on an asset-light, franchisee-based business model to cater to the needs of its stakeholders. Its assisted digital convenience stores, Next-Gen Vakrangee Kendras offers solutions for multiple products and services. Its digital offerings consist of banking, financial services, insurance, automated teller machine (ATM), logistics, online shopping, healthcare, travel, telecom, and bill payment services. The Company is engaged in providing various solutions, activities in e-governance, e-commerce, white label ATM, financial services, and logistics sector, including bullion and jewelry, through its Vakrangee Kendra. Its e-commerce services include assisted online shopping, assisted online healthcare, assisted travel services, telecom, and bill payments services.