With an overall strategy to enable innovation, Intel Capital seeks out and invests in promising technology companies worldwide. They will invest $17 million in three Indian companies. The three companies identified for investment are :-
Yatra.com : Online travel portal
BuzzInTown.com : Event-oriented social network
Emnet Samsara Media : An advertising company
The funding for the said investment would come from the $250 million Intel Capital India Technology Fund. The fund has already invested $125 million so far in the country, Mr Sodhani said, adding that apart from investing in technology companies, the fund would also focus on alternate sources of energy.
Further, Intel Capital is also focusing on investment in the WiMax network of the country. They are waiting for the government to speed up the process of spectrum allocation.
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Intel Capital has a corpus of over $3 billion and its portfolio includes over 400 companies across the world.
Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States.
Intel Capital has made a number of well known investments around the globe. These include Actions Semiconductor, Bellrock Media, Broadcom, CNET, CitrixSystems, Clearwire, Elpida Memory, FPT, India Infoline.com, Inktomi, Insyde Software, Integrant Technologies, Marvell, MySQL, NIIT, PCCW, Red Hat, Rediff.com, Research in Motion, Sasken, SiRF, Smart Technologies, Sohu.com, Techfaith, VA Linux, and WebMD.
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