100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun
In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some of Xiaomi's latest technology products, it is also fantastic to know that the company is doing its utmost to create more business in developing areas of the world.
What Businesses will receive the funding!
Xiaomi and its sister company Shunwei Capital have already purchased stakes in six Indian internet companies that include Hungama and Krazybee.
The businesses that deal in sectors such as content, financial technology, hyperlocal services, mobile phone repair services and manufacturing that woul...