Intel Capital invests $18m more in India, including first healthcare investment
Intel Capital, the PE investment arm of Intel, has invested $18 million in two Indian companies, including Sudhir Srivastava Robotic Surgery Centre (SSARSC), a provider of advanced robotic surgery procedures, marking Intel Capital’s first investment in the country’s healthcare segment.
SSARSC provides procedures in areas such as cardiac, urology, thoracic, gynecology and orthopaedics surgery. The second investment was made in PolicyBazaar, website that assists customers looking to purchase insurance.
The fund did not disclose the breakdown of the funding between these two companies, though Arvind Sodhani, President of Intel Capital and EVP of Intel, noted that, "technology has been key to India's unprecedented development over the last few years, and our investments in these companies is proof of our ongoing commitment to nurture technology innovation in India."
Intel capital has been active in India's technology space of late, and has additionally announced follow-on investments in three of its portfolio companies: mobile media company July Systems, online travel company Yatra.com, and open-source application development software company WSO2.
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