Xiaomi to invest Rs 6K-7K cr in 100 Indian startups
The companies that Xiaomi is looking to invest in, are more in mobile software tech side which will help strengthen hardware and software ecosystem, he said. Assuring that that company's position of strength in smartphones will continue in future as well, he said that Xiaomi had invested in 10 startups until 2017 and the new investment will be to further strengthen the eco-system
Seeking to expand beyond smartphones in India, Xiaomi which launched its first flagship experience store in Chennai three weeks ago is offering products sold in China but not available in India. Image source: Reuters