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2012-10-04

Intel Capital invests in 10 global tech companies including Hungama.com

Intel Capital, Intel Corporation\'s global investment and M&A arm, on Wednesday said it has made investments worth $40 million (about Rs 209 crore) in 10 innovative technology companies in the world, including an Indian firm Hungama.com.

Intel Capital, Intel Corporation's global investment and M&A arm, on Wednesday said it has made investments worth $40 million (about Rs 209 crore) in 10 innovative technology companies in the world, including an Indian firm Hungama.com.

Among the 10 companies in which Intel Capital has made investments include Bollywood and South-Asian content distributor Hungama.com, secure content sharing platform Box, integrated circuit design house FocalTech, social radio platform Jelli and social game developer LIFO Interactive.

The financial details of each investment were not disclosed.

The investments were announced in the 13th annual Intel Capital Global Summit in Huntington Beach, California, that brought together over 1,000 Intel Capital-funded entrepreneurs and fortune 2,000 industry executives.

Hungama.com is an Indian digital entertainment company that has over two-and-a-half million pieces of content across genres and languages, in the form of music tracks, movies, music videos and mobile content and has over 20 million users.

Hungama Digital Media Entertainment, also known as the Hungama Group, has a turnover of Rs 200 crore.

Intel Capital has been investing in India since 1998. Since then, Intel Capital has invested over $300 million in over 80 companies across 10 cities in India.

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