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Intel Capital pumps $17 mln into 3 Indian firms

Thu Jul 24, 2008 3:04am EDT

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SINGAPORE, July 24 (Reuters) - Intel Capital, the venture capital arm of top chipmaker Intel Corp (INTC.O), said on Thursday it would pump $17 million into three Indian companies, comprising two Internet portals and one advertising firm.

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Since starting in India in 1998, Intel Capital has invested in approximately 50 companies across eight cities. The funding will come from the $250 million Intel Capital India Technology Fund, founded in December 2005.

The three companies are: Yatra.com, an online travel portal, BuzzInTown.com, an events-oriented social networking portal, and Emnet Samsara Media Pvt. Ltd., an out-of-home advertising firm focusing on the Indian public transportation market. (Reporting by Jennifer Tan; Editing by Kevin Lim) (jennifer.tan@thomsonreuters.com; +65-6403 5660; Reuters Messaging: jennifer.tan.reuters.com@reuters.net)
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