Mumbai: Intel Capital, the venture capital investment arm of chip maker Intel Corp., is going slow in investing in Indian start-ups as part of a change in strategy, said two persons aware of the development. Intel Capital is not the first global venture capital firm to scale down its Indian operations or quit the country. Intel Capital has invested in three Indian companies this year—Hungama, Helpshift and IndiaMART.com. In 2014, another storied Silicon Valley venture capital firm, Kleiner Perkins Caufield & Byers, along with Sherpalo Ventures, sold its India portfolio of six investments to Lightbox Ventures, a venture capital firm started by its former local representative Sandeep Murthy. If we find good opportunities meeting our strategic and financial requirements, we will invest,” said a spokesperson for Intel Capital in an email response.

Source: Mint August 11, 2016 18:56 UTC