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Intel Capital Announces $18M Worth Investments In Indian Companies

Intel Capital has announced that it has put in $18 million (approx Rs. 81.27 crore) in Indian companies, including investments in new companies PolicyBazaar and healthcare venture, SSARSC, in addition to follow-on investments in Yatra.com, mobile media company July Systems and enterprise application development company WSO2. Intel Capital has not disclosed individual funding details, but as we had reported earlier, Rs. 30 crore (around $6.64 million) has been invested by the fund in PolicyBazaar, in addition to Rs 10 crore from Info Edge. The online insurance aggregator intends to use the funding for building brand awareness and enhancing its technology platform and product portfolio. Intel Capital has also confirmed a follow-on investment in online travel agent Yatra.com, which was announced recently by the company. July Systems Intel Capital has also made follow-on investment in mobile media company July Systems. The company…

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