wordpress blog stats
Connect with us

Hi, what are you looking for?

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 develops cross-platform mobile content applications for media brands like ESPN, CBS, NBA, Turner broadcasting, Disney, HT Media, Network18, Livemint  and others. It builds, manages, markets as well as monetizes mobile apps for publishers on its Mi platform.

It intends to use the funding for investing in technology, operations and team expansion. Last year, July Systems raised $7 million in a series-C funding round led by Intel Capital, alongwith Sequoia Capital and Footprint Ventures. It had bagged exclusive rights to the mobile Internet portal M.IPLT20.com, the official site for the third Indian Premier League on the mobile.

WSO2

WSO2, a lean enterprise middleware company that develops open source enterprise applications has also raised money from Intel Capital. In a funding round of $6.5 million led by Quest Software, Intel Capital also participated.

You May Also Like

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ