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Intel Capital Leads Three India Investments Worth US$17 Million |
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Written by News watch
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Tuesday, 05 August 2008 |
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Intel Capital announced its plans to invest US$17 million in three Indian companies - Yatra.com, a leading online travel portal, BuzzInTown.com, an events-oriented social network extensible across web and mobile platforms and Emnet Samsara Media Pvt. Ltd., an out-of-home (OOH) advertising company focusing on the Indian public transportation market. The funding will come from the $250M Intel Capital India Technology fund. The investments in India are part of the US $250 million Intel Capital India Technology Fund, which was founded in December 2005. This fund invests in Indian technology companies to help stimulate local technological innovation and the continued growth of India's Information Technology industry.
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