Intel Capital on Thursday said it has sunk $17 million into three Indian technology startups: online portal Yatra.com, social network BuzzInTown.com, and digital advertising startup Emnet Samsara Media Pvt. Ltd.
The three deals represent Intel Capital's interest in investing in startups at all stages of their development. The Yatra transaction is a late stage investment, as the startup has received funding from Norwest Venture Partners, Reliance Capital and Television Eighteen India Ltd. since it was launched in 2006. Buzztown.com, on the other hand, was founded just last year.
Intel Capital did not say how much each of the three startups received.
The fundings will be parceled out from the Intel Capital India technology fund, a $250 million pool established in December 2005. This formalized the Intel Corp. [INTC] unit's investment strategy in the region, but it has been investing in India since 1998. To date it has invested in about 50 Indian companies in eight cities there, Intel Capital said. -- Olaf de Senerpont Domis
See December 2005 story on Intel Capital's India fund from TheDeal.com
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