Intel Capital commits $16m to Asia e-commerce
Intel Capital, the VC arm of Intel Corp, has invested a total of $16 million in Asia e-commerce, backing India's Snapdeal.com and Bright Lifecare, while upping its stake in Singapore's Reebonz.com. It did not disclose the size of individual commitments.
Bright Lifecare runs HealthKart, a site that sells health and wellness products, while Snapdeal.com is a consumer goods marketplace. Existing portfolio company Reebonz.com is a private luxury goods retailer...
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