Intel Capital pumps $17 Mn into 3 Indian firms
By
siliconindia news bureau
| Friday,25 July 2008, 04:44 hrs
|
Singapore: Chipmaker Intel's venture capital arm Intel Capital said on Thursday it would pump $17 million into three Indian companies, comprising two Internet portals and one advertising firm.
The three companies are: Yatra.com, an online travel portal, BuzzInTown.com, an events-oriented social networking portal, and Emnet Samsara Media, an out-of-home advertising firm focusing on the Indian public transportation market.
Since its inception in India in 1998, Intel Capital has invested in around 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, an out-of-home advertising firm focusing on the Indian public transportation market.
Since its inception in India in 1998, Intel Capital has invested in around 50 companies across eight cities. The funding will come from the $250 million Intel Capital India Technology Fund, founded in December 2005.
Recent posts from Startups news
- Five companies apply for 3G spectrum
- Microsoft to launch Office 2010 for Indian users
- Soon, private firms to offer medical education
- Canadian universities line up for India
- iPhone 4.0 to have multitasking
- Nokia to roll out music service in India soon
- State-run banks can enter insurance business
- Sprint uses iPhone to sell WiMAX router
- Technology drives healthcare costs
- Franklin Templeton announces tax-free dividend
- IT firms' new cost cutting mantra: Hire non-techies
- 22yr old Indian to solve cybercrimes @ mouse click
- India in 2030 will be most educated in the world: Sibal
- Will foreign varsities poach IIT, IIM profs?
- Top IT skills that can get you a better job
- Aircel launches a Qwerty handset for Rs. 2,999
- 10 most popular incentives that firms offer
- Scientist invent invisibility cloak to hide objects
- We are a respected Indian firm, not tax evader: Infy CEO
- Approaching a VC? Here is a checklist


