Perpetuuiti And Savaari Among 16 Startups Funded by Intel Capital With $ 65Mn

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Intel Capital, a Venture Capital (VC) arm of chip maker Intel Inc. has invested a total of US $ 65 Million in 16 Startups. Two Indian companies, Perpetuuiti Technosoft, a Mumbai-based People, Process and Technology Automation firm, and Bangalore-based Savaari Car Rentals are on the list.This investment spans a total of 9 Individual countries and covers platforms as varied as cloud, data centre, mobile...
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Intel Capital Invests Rs 50 Crores In NxtGen Datacenter

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NxtGen Datacenter And Cloud Technologies which provides datacenter and enterprise cloud services to businesses has securedINR 50 crores in funding from Intel capital. Founded by AS Rajgopal in 2012, NxtGen Datacenter provides datacenter & cloud services from it’s own High Density Data Center (HDDC) facilities or deploy from their centrally managed On Premise Data Center (OPDC).The company...
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Intel Capital Invests $16Million In Snapdeal, HealthKart And Singapore’s Reebonz

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In a bid to expand its operations in Asia, Intel Capital has invested a sum of $16 million in three e-commerce firms, two of which are from India. The venture capitalist has invested in online marketplace Snapdeal, Bright Lifecare Pvt. Ltd which runs HealthKart.com and its existing portfolio company Reebonz.com from Singapore which is a private luxury goods retailer. The exact amount raised by each...
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Intel Capital Bets Big On Perceptual Computing, Creates Funds Of $100Million

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Intel Capital, chip giant’s global investment and M&A arm, has created a $100 million fund to finance perceptual computing projects, or those that use more senses to interact with computing devices. Perceptual computing includes gesture recognition using 3D depth cameras, which send signals into a room and measure the time it takes to bounce back in order to map the room’s 3D space.According...
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PolicyBazaar.com Gets $5 Million In Series B Funding From Inventus Capital And Existing Investors

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Policybazaar.com,  a website which aggregates Insurance policy plans has received its third round of funding. eTechAces Marketing and Consulting Pvt. Ltd., the company behind Policy Bazaar has confirmed that they have received $5 million (Rs. 27 crore approx) in a round that was led by Inventus Capital Partners. Previous investors Infoedge and Intel Capital have also participated in this round.The...
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HealthKart Gets $14 Million In Funding From Intel and Sequoia Capital

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Healthkart, the Indian e-commerce portal focused on selling health, fitness and beauty products seems to have received its series B round from Intel Capital and Sequoia Capital. According to NextBigWhat, the amount raised is $14 million. The split is rumored to be $8 million from Intel and the rest from Sequoia.There has been no official announcement as of now but there has been no emphatic denial...
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Hungama.com Scores Funding From Intel Capital

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Licensed Digital Content distribution platform Hungama.com has managed to become a group of firms that will receive funding from tech giant Intel’s venture capital arm Intel Capital. The chip-maker’s funding has chosen 10 ventures in which it will pump a total of US$ 40 Million. Surprisingly, for this year’s round, Hungama is so far the only Indian company to have made the cut.While earlier,...
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Mobile Tariff Comparison Site Connectindia.in Changes Owners

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Spade Financial Services led by businessman Arun  Anand has just bought Connectindia.in from Vriti Infocom. The web-portal is an aggregator for tariffs & plans for mobile communication & Internet Service Providers (ISP). Though the financial details are still unknown, Manish Sardana, Founder & CEO Connectindia has confirmed it was an all-cash deal.  Jafco Asia & Intel Capital have...
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Yatra.com Raises $14.5 Million In D Round Of Funding According To SEC Filing; Doesn’t Acknowledge it

Source: buzzom.com
Leading Indian Online Travel Agent (OTA) Yatra Online has raised $14.5 million in series D round of funding according to a SEC filing. This news was first reported by Techcircle.in According to the SEC disclosure Yatra is raising the capital sum through Series D preferred which is convertible to common stock. Even though Yatra CEO Dhruv Shringi has apparently denied any such fund-raising to Techcircle...
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Intel Looking To Get Into The Internet TV Business

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Intel is in the process of talking with various US media companies as it plans to use its processors in the Internet powered TV segment. This is not their core business and represents a big departure for the chip-making company.TechCircle reports that although the discussions are at an early stage, it is highly possible that Intel will end up making deals with major content providers like broadcasters...
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