The investment makes Ratan Tata the first Indian investor in Chinese smartphone maker Xiaomi.
Chinese smartphone maker Xiaomi has an Indian investor now. Chairman Emeritus of Tata Sons, Ratan Tata, has made an investment in the company. Tata made the investment in Xiaomi yesterday and the announcement was made by both Hugo Barra, Global VP for Xiaomi and Manu Jain, the company’s India Head, via Facebook.
Jain clarified that the investment has been made by Tata in his personal capacity and doesn’t involve the Tata Group. Jain said that the Chinese smartphone maker will look to Tata as an advisor for its India operations.
Xiaomi has been taking a lot of interest in the Indian market recently, even hosting the company’s first global launch event in India. Of course, that’s quite expected, since India is among the biggest smartphone markets in the world and poised to become the second largest by next year.
Xiaomi on the other hand has launched the Xiaomi Mi4i, it’s first flagship to be launched first in India. The company says it has made the device specially for India and will be selling it through all its channels in the country. The Mi4i runs on a Snapdragon 615 SoC along with a 13MP rear camera and 5MP front camera.
Follow Us
Digit NewsDesk
Digit News Desk writes news stories across a range of topics. Getting you news updates on the latest in the world of tech. View Full Profile
