Intel Capital to invest $20 mn in 6 Indian cos

MUMBAI: Intel Capital, Intel's global investment organization, today announced plans to invest approximately $20million, in six Indian companies.

As per media reports, the investments are part of Intel Capital's ongoing efforts to support Indian technology innovation and entrepreneurship.

Intel Capital plans to invest in six companies namely- Saankhya Labs Pvt Ltd, a fabless semiconductor company; Testing Czars, a global independent test engineering and solutions provider for mobile applications; Financial Inclusion Network and Operations (FINO), a business and banking technology platform provider with an extensive services delivery channel; What's on India Pvt Ltd, India's premier electronic programming guide for television; enStage, an electronic payment solutions and processing provider; DURON Energy Pvt Ltd, a pioneer in affordable solar power products designed for off-grid use in emerging markets.

The report further added that, three investments in Saankhya Labs, Testing Czars, and FINO have been complete. Intel Capital has signed investment agreements with What's on India, enStage and DURON Energy.