Friday, March 29

Tag: retail sector

CHINA, Tech

Xiaomi Bets Big on Mi Homes For Larger Offline Play

Chinese handset maker Xiaomi will set up Mi Homes in four cities, including Delhi and Hyderabad, as it looks to increase its revenues from the offline retail market in India. Last week, it unveiled its first Mi Home in Bengaluru that will allow consumers to experience and buy all Xiaomi products under one roof. Xiaomi had forayed into the Indian market in 2014, selling smartphones exclusively online through Flipkart. However, a year later, it partnered with distributors to sell devices through brick and mortar stores as well. "Over the next few months, we will expand Mi Homes to Delhi, Chennai, Mumbai and Hyderabad. We want to bring these five (Mi Homes) to scale, ensure they are profitable before we add more," Xiaomi India Head Manu Jain told PTI. Xioami has 72 such Mi Homes i...
SnapBizz: Amazing Story of $1 Billion Opportunity Spotted By An Employee and Backed By His Company
Story

SnapBizz: Amazing Story of $1 Billion Opportunity Spotted By An Employee and Backed By His Company

I recently caught up with SnapBizz co-founder, Yash Prakash to hear his amazing story of transitioning an idea originating in a corporation to a thriving startup.   Act 1: The promising beginning When Qualcomm started its VentureFest intrapreneurship program back in 2006 (now called ImpaQt), it unlocked the floodgates of leadership, creativity, and innovation from unexpected places and people. While running the program, I never really saw an idea or intrapreneur that I didn’t like, but I found proposals out of Qualcomm’s foreign offices to be particularly illuminating, as they were addressing unknown opportunities to most of us working in the US. One such proposal originated in Qualcomm’s (fantastic) set of India offices. This is the story of CellNSell (internal project name),...