Intel Capital pumps $17 mln into 3 Indian firms
SINGAPORE, July 24 (Reuters) - Intel Capital, the venture capital arm of top chipmaker Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz), said on Thursday it would pump $17 million into three Indian companies, comprising two Internet portals and one advertising firm.
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)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.
Have a correction to this article? Email the editors
Campaign trail
Wall St. rockets higher