Wortal Inc, which runs events and entertainment portal Buzzintown.com, has received an undisclosed sum in investment from Intel Capital, as a part of a $25 million round of investment in seven new companies and ten for follow-on deals at Intel's 10th annual CEO summit. Financial Information Network and Operations, a Mumbai-based provider of smartcard based applications has also received funding as a part of the same round. The Buzzintown funding is a follow up, and its total money raised remains undisclosed: it received a part of a $17 million investment by Intel Capital in three firms in July 2008, along-with travel portal Yatra, and Emnet Samsara Media, an out-of-home (OOH) advertising company. Wortal Inc was set up in 2006 and will use Intel Capital funds to expand its reach from 19 to thirty more cities and to push media and Internet delivery of content. Buzzintown's competition is in the form of Upcoming by Yahoo and trade events focussed Indobase Events. The Newsletter Approach? (by Nikhil Pahwa) I've been quite bullish on the events listing vertical: events and movies are key entertainment segments, and bring communities together both online and offline. Monetization is possible through segmenting and syndicating event listings to publications, enabling ticketing, and charging for featured event listings. The idea is to aggregate a rather fragmented domain, and creating a destination around it. The destination approach, though, is under threat, which is why Buzzintowns presence on Twitter, Facebook, and alerts via mobile is the right approach. Remember that this was tried before, unsuccessfully, with SERaja, which was funded by…
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