Intel Capital has announced a fresh investment round of $40 million (Rs 209.24 crore) in 10 different technology companies including the Indian company Hungama.com. The financial details of each individual investment were however, not disclosed. Earlier, the global advertising major WPP Group had acquired a majority 51% stake in Hungama Digital Services Private Limited, through its wholly owned agency JWT Singapore in June 2012. Hungama Investors: ICICI Ventures was a principal investor in Hungama in October 2000, but a Forbes India report suggests that ICICI Ventures pulled out funding from the company in October 2009. According the report, ICICI Ventures disbursed only 55% of its total funding before pulling the plug. It also adds that Rakesh Jhunjunwala invested Rs 2 crore in the company, through which the company bought back its stake from ICICI Ventures. Rakesh Jhunjunwala is now believed to be a key…
