Intel Capital, the global investment arm of chip maker Intel, today made an investment of $18 million in five Indian companies.
Intel Capital has announced fresh investments in PolicyBazaar, Sudhir Srivastava Robotic Surgery Centre. It also made follow on investment mobile media company July Systems; online travel company yatra.Com; and open-source application development software company WSO2.
However, the company didn’t share the details of individual investments made in these companies.
PolicyBazaar, a leading online insurance comparison site that assists customers in making informed decisions about their insurance purchase will use the fund for building brand awareness and further enhancing its technology platform and product depth.
The investment in Sudhir Srivastava Robotic Surgery Centre, a provider of advanced robotic surgery procedures, is the first investment by the company in the healthcare sector in India.
In addition to these two new investments, it announced follow-on investments in funding for the investments announced by Intel Capital comes from the $250 million Intel Capital India Technology Fund established in December 2005.
This fund invests in Indian technology companies to stimulate local technology innovation and the continued growth of India’s information technology industry.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app