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June 09, 2013

Deal Alert: Intel invests $16-M across SnapDeal, Bright Lifecare, Singapore’s Reebonz

Intel Capital has made three investments totaling $16 million in Asia’s e-commerce segment. These include Delhi-based SnapDeal, owned by Jasper Infotech, Gurgaon-based Bright Lifecare and Singapore-based Reebonz.com. The funds will be used by the three companies to scale up their operations and extend their businesses in Asia. 

The investment in SnapDeal is part of the $50 million Series D round announced by the company recently. The other investors in the round include eBay, Ru-net, Saama Capital, Bessemer Venture Partners, Nexus Venture Partners and Kalaari Capital. Intel Capital joins eBay, Saama Capital and Ru-net as new investors in the ecommerce company.

Bright Lifecare is a consumer health company engaged in the distribution of nutrition and health products. It sells products across fitness, health and wellness categories such as nutrition, diabetes, home devices, eyecare and personal care. The company also operates an e-pharmacy network under the brand HealthKartPlus, which had raised funds from Sequoia Capital, Omidyar Network and KAE Capital.



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