The corporate venturing unit of Intel has reportedly begun consulting the market about raising a $250m India fund.
The plans for the fund, which would be Intel’s second focused on the region, were reported by news provider the Business Standard, citing investment bankers.
A spokesperson for Intel said: "Intel Capital has been active in India for many years and remains committed to the region with a strong team of investors on the ground. We have publicly stated that after the current $250m India fund is fully depleted, we will establish a new fund. However, we have not disclosed any specific numbers and we have not disclosed the timing. "
Intel Capital’s first $250m India fund is 80% invested, according to the Business Standard.
Companies Intel has exited or floated in India include Deccanet Designs, a software services company, Sharekhan, an online brokerage, Comat Technologies, an e-governance provider and Future Software, a telecommunications company.