Intel invests heavily in two Russian Internet companies

Intel announced its intention to invest several million dollars (how much, it is unclear, it was said about “multi-million” investments) in two Russian Internet companies. About this company representatives said today, on Thursday. Investing in will be a branch of the corporation, Intel Capital.

In the framework of cooperation with the Russian online business, the funds will be allocated by AlterGeo and Sapato.ru. The first is a social network that experts from Intel seem to consider promising. The second - sell shoes over the Internet. A successful model for running a business selling shoes is known, one of the most promising projects in this sense is zappos.com.
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It is worth noting that Intel is really investing a decent amount of funds, supporting various start-ups (it is clear that with the hope of returning the money spent). So, last year, this company allocated about $ 327 million, investing in 119 different companies. Financial details of all these transactions are not disclosed. In general, the details of the conditions of cooperation between Intel and two Russian companies are unlikely to be presented.

Now AlterGeo has about 700 thousand users, and the company is hoping to get the funds received from Intel to expand the user base and introduce new services. As for Sapato.ru, this company was founded in 2010, it was created and developed by companies such as Fast Ventures, eVenture Capital Partners, Direct Group and Kinnevik.

Apparently, the interest of foreign investors has increased with respect to the Russian segment of the Network after Yandex successfully entered the IPO.

Via yahoo