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Intel Capital, Intel’s global investment organisation, on Friday announced it has made a total investment of $ 18 million in five Indian companies.
It announced investment in PolicyBazaar, a leading online insurance comparison site that assists customers in making informed decisions about their insurance purchase.
The investment funds would be used for building brand awareness and further enhancing PolicyBazaar’s 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 Capital’s 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 $ 18 million. Details of the individual investments were not disclosed.
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