Intel Capital announces 8-mn investments in India

The investment funds would be used for building brand awareness and further enhancing PolicyBazaars technology platform and product depth,according to an Intel statement.

Intel Capital also signed an agreement to invest in Sudhir Srivastava Robotic Surgery Centre,a provider of advanced robotic surgery procedures for speciality areas such as cardiac,urology,thoracic,gynaecology,orthopaedics,head and neck and general surgery,subject to satisfaction of customary conditions.

This investment marks Intel Capitals first investment in the healthcare sector in India.

In addition to these two new investments,it announced follow-on investments in mobile media company July Systems; online travel company Yatra.com; and open-source application development software company WSO2.

Intel Capital made a total investment of approximately USD 18 million. Details of the individual investments were not disclosed.