Intel Corporation (NASDAQ:INTC) has invested $17 million between 3 Indian companies. The three companies include Wortal Inc., Yatra.com, and Emnet Samsar Media.
Wortal’s first product is called BuzzInTown. Essentially BuzzInTown is a place where people in India can find things to do. As globalization continues to spread in India and many business professionals are finding themselves flying to Bangalore to attend meetings, BuzzInTown is the place to find out what is happening while they are there.
Current cities that are support by BuzzInTown include Ahmedabad, Bangalore, Chennai, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, and New Delhi. BuzzInTown highlights books, events, musicals, plays, sports, live bands, expos, and other events. Wortal Inc. was started by Uday Bellary and Amitabh Saran.
Yatra.com is one of the biggest travel websites in India. Yatra provides pricing, availability, and reservations for hotels, cars, buses, etc. across 5,000 cities in India. Other investers in Yatra.com include Norwest Venture Partners, Reliance Capital, and Television 18 Group.
Yatra was founded by Dhruv Shringi, Manish Amin, and Sabina Chopra. Yatra’s biggest competitors is MakeMyTrip.com.
Emnet Samsara Media
Emnet Samsar Media Pvt. Ltd. is a digital advertising company that focuses on the public transportation sector. Emnet puts digital advertising campaigns to 4.8 million passengers of public transportation in India. Emnet will be using the funding to build additional campaigns and reach out to more buses. Emnet is run by CEO, Suyash Chaini.
5. Intel Capital Press Release