Intel Capital Pumps $20M Into Indian Startups

Law360, New York (September 30, 2011, 6:36 PM EDT) -- Intel Corp.’s investment arm will pump $20 million into six Indian startups developing a range of technologies in the semiconductor, software and solar power industries, the technology powerhouse announced Friday.

Intel Capital is channeling $20 million of a $250 million fund dedicated for Indian entrepreneurship to propel six promising companies serving the country’s growing need for online services and products.

“Indian entrepreneurs are increasingly at the forefront of innovation, using technology to change the way we live and do work,” said Arvind Sodhani, president of Intel...
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