Delhi-based Intex Technologies has launched a Rs 150-200-crore fund to invest in startups with a strategic fit, the latest mobile phone maker to do so after Micromax and Xiaomi announced plans to back early-stage startups. The first investment from the corpus has gone into Rooter, a startup creat…
Tag: Intex Technologies
India’s smartphone revolution: 35 units, 37,000 jobs in 2 years
India has seen about 35 new smartphone factories in the past two years, with a production capacity of about 18 million devices a month, since the central government had announced a tax rationalisation for electronics products to boost local electronics manufacturing. The new manufacturing units h…