Intel Capital To Invest $ 17 Mn In 3 Indian Media Companies
Intel Capital, the venture capital arm of chipmaker Intel Corp, has announced that it would invest $17 million into three Indian companies - Yatra.com, an online travel portal, BuzzInTown.com, an events-oriented social networking portal, and Emnet Samsara Media Pvt. Ltd., an out-of-home advertising firm focusing on the Indian public transportation market. [Via]
How much has gone into each company is not not known yet says VC Circle.
Yatra had earlier received funding from TV18 group, Norwest Venture Partners and Reliance Capital. So this will be series B investment for the travel portal. In the case of BuzzInTown, a community oriented site which helps users discover local events in major Indian cities, this could be Series A.
Emnet Samsara Media Pvt. Ltd, an OOH media company targeted at public transportation company, joins a list of OOH media companies such as Laqshya, LiveMedia, and DSN that got funded by venture capital firms.
Filed under: Deal Tracker