Intel Capital pumps $17 Mn into 3 Indian firms

Intel Capital pumps $17 Mn into 3 Indian firms

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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.

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