Intel Capital, Intel Corporation’s global investment and M&A organisation, has made three investments in e-commerce firms seeking to scale up and extend their businesses in Asia, the corporate venturing unit reported from the World Economic Forum held in Myanmar.
The investments, totaling approximately $16m, are: India’s Bright Lifecare, a distributor of nutrition, health and wellness products; Snapdeal.com, a consumer goods marketplace in India; and existing portfolio company Singapore’s Reebonz.com, one of Asia’s largest private luxury goods retailers.
