Intel Capital, the global investment arm of Intel Corporation, is to invest $17 million in three Indian companies from its $250 million Intel Capital India Technology fund.
The company is investing in Yatra.com (an 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).
"Since starting in India in 1998, Intel Capital has invested in about 50 companies across eight cities," Intel Capital and Intel Executive Vice President Arvind Sodhani said, and added, "Intel Capital places a great deal of importance on encouraging entrepreneurship and technology innovation in India and our latest investments in Yatra.com, BuzzInTown.com and Emnet Samsara are proof of that."
According to the Intel Capital Managing Director (India, Japan, South East Asia and Australasia) Sudheer Kuppam, "Intel Capital continues to demonstrate the stage-agnostic nature of our investing style by supporting any lucrative technology companies in various and any stages of their growth and examples of these are Yatra which is a late stage deal, BuzzInTown.com which is an early stage deal and Emnet Samsara which is in a strong position with product roll-out and increasing customer traction". |
