Intel Capital, Nasdaq-listed Intel Corporation's global investment arm, has informed that it will invest US$17 million in three Indian companies.

The three companies identified for investment are online travel portal, Yatra.com, event-oriented social network, BuzzInTown.com and an out-of-home (OOH) advertising company focusing on the Indian public transportation market, Emnet Samsara Media.

The funding for the said investment would come from the $250 million Intel Capital India Technology Fund.

Since the start in India in year 1998, Intel Capital has invested $ 125 million in approximately 50 companies across eight cities.  Apart from investing in technology companies, the fund also plans to focus on alternate sources of energy.

Intel Capital has a corpus of over $3 billion and its portfolio includes over 400 companies across the world. The company had invested about $640 million globally in 2007.