10/12/2011

Intel Capital invests in Turkish internet venture

Hurriyet - Intel Capital, the investment arm of chipmaker Intel, has invested an undisclosed amount for shares in Turkish e-commerce company, Grupanya, in its second investment in a Turkish internet company this year.

The deal will help Grupanya move forward with new innovations and services, said Intel Turkey General Manager Burak Aydin about the partnership, adding that Intel Capital’s investment will contribute to the development of the company and market, as well the country.

Intel Capital has allocated a USD 50 million fund for investing in Turkey, the Middle East and Africa.
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Turkey; ict sector; turkey e-commerce sector; turkish internet company; grupanya; intel; intel capital