Tata group chairman emeritus Ratan Tata, a serial start-up investor, said on September 20 that he will support startups that have founders who have passion to build sustainable company rather than scaling it up just to sell it. Tata has been investing in startups in India and abroad. Some of thes…
Tag: Xiaomi
Xiaomi to back start-ups that enhance mobile experience: VP Manu Jain
Chinese smartphone maker Xiaomi Inc., the world’s second-most valuable start-up, made its first publicly-disclosed investment in India in April of 2017. It led a $25 million round in online entertainment company Hungama Digital Media Entertainment as part of its strategy to introduce local conten…
Xiaomi founder’s Shunwei Capital invests $5 mn in Indian gaming start-up
Mobile gaming is yet to take off in India like it has in China. But investors from across the border clearly see the potential for it in the world’s second-largest smartphone market. Shunwei Capital, founded by Xiaomi boss Lei Jun, today led a series An investment of $5 million along with Accel P…
Mobile gaming start-up Mech Mocha raises Rs 32 cr
Bengaluru: Mobile gaming startup Mech Mocha has raised $5 million (about Rs 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. A significant portion of the funds raised will be used to develo…
Xiaomi wants to incubate hardware start-ups
Bengaluru: Chinese electronics company Xiaomi is looking to incubate hardware start-ups and wants to open more manufacturing units as it sees considerable potential in the world’s third largest consumer market. Lei Jun, Chairman and CEO of the multi-billion dollar privately held company, which ma…
Intex Technologies to invest Rs 150-200 cr in start-ups
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…
Diwali Sales: Stellar show by Amazon makes 236 sellers crorepati
Amazon India nearly tripled its sales volume during the recently concluded Great Indian Festival Sale compared with 2015. The online sale was conducted in three phases last month. Over 200 sellers sold goods worth over Rs 1 crore this Diwali on the platform. The company witnessed major momentum f…
Amazon & Flipkart planning offline stores in smaller towns
E-commerce companies in India are exploring the idea of setting up offline stores in smaller towns as they look to grow their customer base and improve logistics in the unmapped areas. Rather than investing in their own stores, e-commerce marketplaces are partnering with local merchants who can a…
Ratan Tata invests in wearables maker GOQii
New Delhi: Adding one more to his start-up funding list, leading industrialist and serial investor Ratan Tata has invested in virtual fitness coaching platform GOQii. The size of the funding was, however, not disclosed. The company, which is a leading player in the Indian wearables market, is bac…
Xiaomi to bring crowdfunding platform to India
Chinese tech firm Xiaomi may soon bring its ‘crowdfunding’ platform to India that will help start-ups working on consumer electronics to sell their wares through the medium. In China, Xiaomi runs a crowdfunding platform where hardware start-ups submit their products and consumers can book them, h…