AAA Intel insured for ETechAces deal

Intel insured for ETechAces deal

India-based insurance services company ETechAces Marketing and Consulting has raised R40 crore ($9m) primarily from corporate venturing unit Intel Capital.

ETechAces runs the PolicyBazaar.com insurance portal.

Intel Capital has invested R30 crore in ETechAces, while peer Info Edge has invested the remainder having previously provided R20 crore in September 2008 for a 49% stake.

Info Edge has also invested in Nogle Technologies, which is planning to launch a content sharing portal called Blinkk.me by the end of May, according to news provider Deal Curry.

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