Intel Capital is planning to invest $17 million in three Indian companies - Yatra.com, an online travel portal, BuzzInTown.com, an events-oriented social network extensible across web and mobile platforms, and Emnet Samsara Media Pvt Ltd, an out-of-home (OOH) advertising company focusing on the Indian public transportation market. The funding will come from the $250 million Intel Capital India Technology fund.
"Intel Capital continues to demonstrate the stage-agnostic nature of our investing style by supporting any lucrative technology companies in various and any stages of their growth and examples of these are Yatra which is a late stage deal, BuzzInTown.com which is an early stage deal, and Emnet Samsara which is in a strong position with product roll-out and increasing customer traction," said Sudheer Kuppam, managing director, Intel Capital, India, Japan, South East Asia and Australasia.
BuzzInTown.com is a portal promoted by Wortal Inc., who will use Intel Capital funds to expand its affiliations in thirty more cities, enable media and Internet delivery of content, and for increasing site traffic.
Yatra will use Intel Capital funds to accelerate business growth, upgrade technology to add new products and features to their website and fund potential acquisition opportunities.
While, Emnet Samsara plans to use the proceeds from the investment to build their business further by reaching out to more buses and bring an interesting mix of content and advertising to them.





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