Tag: Xiaomi

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…

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…

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…