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
