Intel Capital, Intel Corporation's global investment organization, announced an investment of US$23 million in three Indian companies:
-- One97 Communications, providers of telecom-managed value added services in India.
-- IndiaMART.com, an online B2B marketplace connecting Indian suppliers with domestic and international buyers.
-- Global Talent Track (GTT), a vocational educational institute.
Individual investment amounts were not disclosed. The funding will come from the $250 million Intel Capital India Technology Fund, established in December 2005. This fund invests in Indian technology companies to help stimulate local technological innovation and the continued growth of India's information technology industry.
Source: Business Wire India
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