Intel Cap to park 50% corpus in emerging mkts

Written by Diksha Dutta | Diksha Dutta | Ronojoy Banerjee | Ronojoy Banerjee | New Delhi | Updated: Jul 30 2010, 05:40am hrs
Sensing the potential of emerging markets like India and China, Intel Capital the venture capital arm of Intel Corporation is going to deploy at least 50% of its entire corpus in such markets. Typically, the total corpus for Intel Capital ranges between $300 million and $500 million annually and is invested across the globe wherein Asian markets constitutes around 33%. Africa, Eastern Europe and West Asia are the other key emerging markets that Intel Capital is eying.

From a relative perspective, more capital is going to be deployed in emerging markets. From 33% invested earlier, we are going to increase it to 50%. We see huge potential in both India and China, Sudheer Kuppam, managing director of Intel Capital Asia Pacific, told FE. US, Western Europe and Japan comprise 50% investments from the corpus. Identifying the high growth sectors for the two countries, Kuppam said education, consumer Internet and broadband, clean technology and Wimax are some key areas that would drive growth in India over the next decade.