Hotline: 1800 102 2007
X
Search Business Opportunities
2013-06-07

Intel Capital invests $16 m in three e-commerce firms in Asia

Intel’s global investment and M&A arm, Intel Capital on Friday announced three investments of approximately $16 million in e-commerce firms seeking to scale up and extend their businesses in Asia.

Intel’s global investment and M&A arm, Intel Capital on Friday announced three investments of approximately $16 million in e-commerce firms seeking to scale up and extend their businesses in Asia.

As per a release by Intel Capital, the companies that secured investments are India’s Bright Lifecare, a distributor of nutrition, health and wellness products and Snapdeal.com, the leading consumer goods marketplace in India. The third investment has been made into Intel Capital’s existing portfolio company from Singapore, Reebonz.com, a private luxury goods retailers. The announcement was made at the World Economic Forum in Nay Pyi Taw, Myanmar.

“These three exciting and innovative companies are delivering new e-commerce experiences to an ever-increasing customer base.  We look forward to helping them grow and succeed through our resources and their passion,” said Arvind Sodhani, President, Intel Capital and Vice-President, Intel Executive.

These investments will help drive innovation in the fast-growing e-commerce and distribution industries. Growth in Asia’s middle-class, overall expansion of its economy and ever improving internet connectivity in the region has given rise to a considerable online retail market opportunity for these firms.

Prashant Tandon and Sameer Maheshwari, Co-Founders, Bright Lifecare Pvt Ltd said, “We are glad to have a leading venture capitalist like Intel Capital as our investor as we gear for the next level of growth. The strong and stable capital support, a strong track record and ability to work with a company through multiple stages of its lifecycle were key determinants of our choice to partner with Intel Capital.”

“We see start-up companies across Asia-Pacific taking advantage of new business opportunities created by the spread of personal computing and broadband Internet access. These technologies allow entrepreneurs to reach new markets and customers, and offer innovative new services that will help to enrich the lives of people across Asia,” said Gregory Bryant, vice-president and general manager, Intel Asia-Pacific.

Intel Capital has so far invested over $320 million in 80+ companies across 10 cities in India. Out of these over 20 companies have gone public.

Related opportunities
  • Quick Service Restaurants
    About Pizza BoxPizza box is located in Vile Parle East..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 - 450 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Partner with Cafe Frespresso and be part of India’s fastest..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater vapi Gujarat
  • Men's clothing
    T-Store is a wing of Relion Industries in the field..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Gyms and Fitness Centres
     About Us: Plus Fitness is an award winning, Australian originated, leading..
    Locations looking for expansion Gujarat
    Establishment year 1996
    Franchising Launch Date 2009
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts