[Chandigarh]Chinese Smartphone Xiaomi to Invest Rs 6K-7K Cr in 100 Indian Startups
Chinese smartphone major Xiaomi today said it will invest Rs 6,000-7,000 crore in around 100 startups in India in the next five years to strengthen its hardware and software ecosystem.
As per Manu Kumar Jain, the Managing Director and vice-president of Xiaomi India,
“Till 2017 the net investment of the company was Rs 3,000 crore. In the next five years we will invest Rs 6,000 crore to Rs 7,000 crore in around 100 startups in India,”
The companies that the company is looking to invest in, are more in mobile software tech side which will help strengthen hardware and software ecosystem,
India is the first market outside of China, where Xiaomi has introduced its televisions. In India, Xiaomi currently sells smartphones, air purifiers and mobile accessories like power banks.
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