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Recruitment platform WorkIndia raises $7 million from Xiaomi

10Feb By PriyankaNo Comments

FUNDING

Recruitment platform WorkIndia raises $7 million from Xiaomi

Blue-collar recruitment platform WorkIndia has raised $7 million (Rs 42 crore) from Chinese tech major Xiaomi. Previous investors of WorkIndia who have done multiple investment rounds in the company include Beenext Pte ltd and a Japanese hedge fund Asuka Investments among others, the company said. In less than five years, the company has moved from being a technology startup to an unprecedented 2.1 crore unique app sessions per month, 1.5 crores registered job seekers and presence in 763 cities across India, it added. "The cutting edge technology developed by WorkIndia, utilising geo-positioning and dynamic algorithms, is one of the best in class that we have seen. The company has created a massive dent in the Indian blue-collar segment within a short span of time. It is inspir...

12Sep By AdityaNo Comments

FUNDING

Marsplay Raises Funding from Venture Highway, Others

Marsplay, a community-led commerce platform has raised funding led by Venture Highway. The pre-series A round, whose size was not disclosed, also saw participation from Alvin Tse from Xiaomi, Jonathan Lau, Partner, Cadorna Ventures, a statement said. Existing angels including the personal offices of Shailesh Rao, a partner with TPG Growth, and Nikhil Mohta, Director, ICICI Ventures also followed on in this round. Marsplay's seed round was led by Amit Agrawal (former YouTube India Head), Vivekananda Hallekere (Bounce CEO) and Shamir Karkal (Simple.com founder) among others, it added. Marsplay plans to use the funds to build its product engineering team and build a strong creator community, it said. https://pixr8.com/funding/edtech-startup-whitehat-jr-raises-10-million-fundi...

29Dec By Gauri SinghNo Comments

CHINA

Huawei, Alibaba, Xiaomi top Fortune List of China’s Most Innovative Companies

China has announced its list of the most innovative companies in the country and Huawei was ranked first among the most innovative company in China, followed by Alibaba and Xiaomi, in a list published by Fortune China. The Chinese-language edition of Fortune released its ranking of "China's most innovative companies for 2018" on Wednesday after surveying 359 companies, including many of China's top 500 companies and the country's firms in the world's top 500. The survey was done in partnership with the consultancy firm A.T. Kearney. The list highlighted dozens of innovative companies in sectors as diverse as telecommunications, smart homes, retail, manufacturing, logistics, banking, and healthcare. China broke into the list of the world's top 20 most-innovative economies in July, ...

Xiaomi’s Mi Pay to Make a Debut in Indian Market

21Dec By Gauri SinghNo Comments

Tech

Xiaomi’s Mi Pay to Make a Debut in Indian Market

The Chinese smartphone giant Xiaomi is all set to make a debut of its payments app called Mi Pay in India. The company has started beta testing of the Mi Pay platform in the country. For this, the company has entered into a partnership with ICICI bank along with PayU to launch Mi Pay in India. The Indian variable of the app is slightly different from the NFC-powered payments app which is available in China. In India, it is similar to the Google Pay app. Also, the Mi Pay is not only a UPI payments app, it claims to support debit and credit card as well. With this, the company might take advantage of MST (Magnetic Secure Transmission) technology. MST is already used by Samsung in India for Samsung Pay. This technology allows users to use th...

20Nov By Gauri SinghNo Comments

BUSINESS

Xiaomi Gobbles up Selfie Smartphone Brand Meitu

The Chinese smartphone major Xiaomi is recently diversifying into a new range of phones as the Chinese smartphone maker announced impressive growth with its latest financials. With this, the company has announced its plans to take over selfie app maker Meitu’s smartphone business to go after new demographics. This is being done particularly keeping in focus the women, while it lodged impressive 49 percent revenue growth in Q3. Xiaomi posted a net profit of 2.481 billion RMB ($357 million) for the quarter on total sales of 50.846 billion RMB ($7.3 billion). The majority of those phones are sold in China, but the company said that international revenue overall was up by 113 percent year-on-year. Also, the very well-known for its ‘beautification’ selfie apps, Meitu sells smartphones ...

Xiaomi to Open a Retail Store in London Amid Expansion Spree

10Nov By Gauri SinghNo Comments

News

Xiaomi to Open a Retail Store in London Amid Expansion Spree

Xiaomi has become one of the most popular smartphone brands in the world and with its expansion spree, the company continues at speed up after it announced plans to open its first retail store in London. The Chinese smartphone maker is popularly known for developing quality Android phones at affordable prices and already it has launched devices in Spain, Italy and France. The foray has now touched the UK where Xiaomi launched its Mi 8 Pro device at an event yesterday and revealed that it will open a store at the Westfield mall in London. Now, this outlet would become Xiaomi’s first authorized Mi Store. Styled on Apple’s iconic stores, the Mi store will showcase a range of products, not all of which are available in the UK. Xiaomi has also shown a taste of what the company is plann...

Xiaomi-owned Yeelight Forays into the Indian Market

23Oct By Gauri SinghNo Comments

CHINA

Xiaomi-owned Yeelight Forays into the Indian Market

Smart lighting solutions maker called Yeelight which is owned by Xiaomi has reportedly announced its foray into the Indian market amid the festive season. The China-based company has introduced four products including a smart lamp, a light strip and two smart bulbs. These products are priced between Rs 2,000 to 10,000 as mentioned by its parent company. In the initial stage, its products will be exclusively available on Amazon and later, it would also be available at retail outlets and experiential zones of major metro cities. "With the smart lighting industry in India facing the upward growth trajectory, we are extremely excited to foray into the Indian markets," Yeelight Founder and CEO Eric Jiang said. He also stated that the company would focus on smart light segment with quali...

Xiaomi to Launch a Smartwatch and Fitness Tracker in India

13Sep By Gauri SinghNo Comments

News

Xiaomi to Launch a Smartwatch and Fitness Tracker in India

Soon after the launch of a smartphone in the premium segment, Xiaomi is all set to give a tough competition and has launched a smartwatch and a fitness tracker in India with its wearable sub-brand Huami. A new teaser is been discovered which suggests that Huami is planning to start the sale of these new smartwatches this year in September. The particular teaser also highlights that the company has collaborated with Avengers: Infinity War and it might launch a special edition of the smartwatch as well. It is being expected that the company is scheduling the launch of the smartwatch with the China release of the film. Lately, the company introduced Amazfit Pace and Amazfit Cor wearables in India. The Amazfit Pace is basically a smartwatch and is priced at Rs 9,999, on the other hand...

Google & Xiaomi Eyeing Investment in ‘Where is my Train’ App

31Aug By Gauri SinghNo Comments

FUNDING

Google & Xiaomi Eyeing Investment in ‘Where is my Train’ App

Technology giant Google and Chinese smartphone maker Xiaomi are eying an investment in an app called ‘Where Is My Train’ that provides live updates on trains without the use of internet and GPS. Google is in talks to acquire the two-year-old startup, whereas Xiaomi has held discussions for an investment. It is expected that Google will acquire the company for $30-40 million in the near future. However, the transaction has not yet been finalized. "The talks with Google are more advanced and they are likely to buy the company as a part of their Next Billion Users initiative," a person familiar to the matter stated. Where Is My Train is owned and operated by Sigmoid Labs, and is one of the most downloaded train-based apps in the country. It was was founded by five former executives of Ti...

Poco F1 All Set to Launch Today, Things You Need to Know Before Purchase

29Aug By Gauri SinghNo Comments

Tech

Poco F1 All Set to Launch Today, Things You Need to Know Before Purchase

Xiaomi with its mid-range smartphones has created a great impact on the Indian smartphone market for a few years, and now, the company has taken a step forward and forayed into the premium smartphone market with its new sub-brand called Poco. And thus, ‘Poco By Xiaomi’ today is launching its first ever smartphone in India known as the Poco F1. The smartphone will be available exclusively on Flipkart and mi.com and the sale will start at 12 pm today. CASHBACKS AND OFFERS: - Following the launch of the Poco F1, both Mi.com and Flipkart, customers who own HDFC Bank Credit and/or Debit cards will receive a Rs 1,000 cashback with the purchase the Poco F1. The cashback will also be available for those who choose No Cost EMI options with this phone. - Along w...

Xiaomi Launches its First Official Store in Israel

15Aug By Gauri SinghNo Comments

MIDDLE EAST

Xiaomi Launches its First Official Store in Israel

The ever emerging Chinese smartphone maker Xiaomi announced that it has launched its first official store in Israel. The store was opened in the coastal city of Tel Aviv on Tuesday. The company stated that the newly set up store will be offering more than 100 products, that will comprise of smartphones, laptops, cameras, speakers, routers, headsets, electric scooters, smart kettles, electric toothbrushes, smart robotic vacuum cleaners, smart watches, chargers and selfie sticks among others. Talking about the market share, the company covers about 14 percent market share in Israel which is huge. After Apple and Samsung, the Chinese player stands at the third position in Israel’s smartphone market. At a cost of $ 270,000 (1 million new shekels), the store is situated at the Dizengof...

Xiaomi, Vivo to Launch Premium Devices to Surpass OnePlus

13Aug By Gauri SinghNo Comments

Tech

Xiaomi, Vivo to Launch Premium Devices to Surpass OnePlus

A battle in the premium smartphone segment is brewing up for a long time now. A few days ago, it was announced that OnePlus is leading the premium smartphone market in India, however, Chinese players like Xiaomi, Vivo and Huawei are now trying hard to beat the dominance of OnePlus, Samsung as well as Apple. Every smartphone maker is making valuable efforts to lead the premium space. Samsung this month will be launching the latest Note 9 smartphone, and further devices from OnePlus, Vivo, Huawei and Xiaomi, through the latter’s sub-brand Poco will also be introduced in the upcoming festive season. The festive season in India starts from October and accounts for at least a third to a handset maker’s annual revenue in the country. “The $500 premium segment has been traditionally split...