Intel Capital to invest $23 m in 3 Indian cos

The Economic Times,

NEW DELHI: Intel Capital, chipmaker Intel’s global investment arm, on Wednesday announced an investment of $23 million in three Indian companies—One97 Communications, IndiaMART.com and Global Talent Track. With these investments, the organisation has spent nearly $100 million of its $250-million Intel Capital India Technology Fund set up in December 2005. Intel Capital is now looking at four areas for investments—WiMax and mobility, clean technology and renewable energy, consumer Internet and education, its India, Japan, Australasia and South East Asia MD Sudheer Kuppam said. While the investment arm did not disclose individual investment figures, it’s learnt that about $9-10 million has been invested in IndiaMART.com. — Our Bureau