Intel's corporate venturing unit reveals it did five deals in Brazil last year, including the two announced deals.
The corporate venturing unit of US-based chipmaker Intel has invested in two Brazil-based fashion companies.
Intel Capital-backed social network Fashion.me and purchasing club Coquelux, according to an announcement on Thursday last week.
Fashion.me was originally called Bymk and was launched in 2008, while Coquelux gives customers discounts of between 30% to 90% on fashion items. It is the first round both start-ups have raised, according to news provider Exame.
Arvind Sodhani, president of Intel Capital and executive vice-president…
