Intel Capital, the investment arm of Intel Corp, is seeking further investment opportunities to support its WiMax (Worldwide Interoperability for Microwave Access) strategy, since it believes the technology could shake up the wireless data market.
Intel Capital has announced an investment of $23 million (about Rs 1.15 billion) in three Indian companies -- Indiamart.com, One97 Communications and Global Talent Track. However, figures were not disclosed. The funding will come from the $250 million Intel Capital India technology fund. The fund invests in Indian technology companies to help stimulate local technology innovation.
The investment arm of US-headquartered chip-maker Intel Corporation expects India to add around 300 million internet users over the next five years.
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