Intel Capital, the global investment arm of Intel Corp., recently invested almost $16 million in three Asian online retail companies. Two of the companies are based in India: Snapdeal.com and Healthkart.com operator Bright Lifecare Pvt. Ltd. The last investment was in Reebonz.com, a Singapore-based portfolio company.
The investments were announced last Friday at the World Economic Forum in Nay Pyi Taw, Myanmar.
“We see start-up companies across Asia-Pacific taking advantage of new business opportunities created by the spread of personal computing and broadband Internet access. These technologies allow entrepreneurs to reach new markets and customers, and offer innovative new services that will help enrich the lives of people across Asia,” Intel Asia-Pacific vice president and general manager Gregory Bryant said.
Intel is one of the largest technology investors in the world today, and has been investing in Asia since 1998. The company invested $352 million across the globe last year, and has invested more than $2 billion in the Asia-Pacific region alone.
