Clik here to view.
Xiaomi Records 152% Jump In Revenue, Attributes To Strong Growth In India
Reaping the benefits of its continuous commitment to India, Chinese smartphone maker Xiaomi has reported a near 152% jump in its yearly revenues from overseas operations in the second quarter ended...
View ArticleClik here to view.
Digital Lending Startup ZestMoney Raises $13.4 Mn From Xiaomi, Others
Bengaluru-based digital lending startup ZestMoney has raised $13.4 Mn in extended Series A round of funding led by Chinese smartphone maker Xiaomi. Existing investors PayU, Ribbit Capital and Omidyar...
View ArticleClik here to view.
Google, Xiaomi In Talks To Invest In Indian Startup Where Is My Train
Search engine giant Google is in talks to acquire the two-year-old, Bengaluru-based startup, Where is my Train for $30-40 Mn. At the same time, smartphone maker Xiaomi is looking to invest an...
View ArticleClik here to view.
Xiaomi To Migrate Local Users Data To Indian Cloud Infra Of AWS & Microsoft...
Chinese smartphone maker Xiaomi’s Indian subsidiary is migrating its local data to India cloud infrastructure of Amazon Web Services (AWS) and Microsoft Azure. The development comes at a time when...
View ArticleClik here to view.
RBI Wants Payment Companies To Give Fortnightly Updates On Progress In Data...
Bank regulation authority, the Reserve Bank of India (RBI) has asked the payment companies to submit their fortnightly updates on the progress made on storing data in India, as told by Visa group...
View ArticleClik here to view.
Xiaomi India To Move All Its Data Back To India In Two Months: Manu Jain
Amid rising data privacy and data localisation concerns, Xiaomi India is moving all its data back to its India-based servers. The company has already started saving new data in servers in the country....
View ArticleClik here to view.
News Roundup: 11 Indian Startup News Stories That You Don’t Want To Miss This...
We bring to you the latest dope of Indian startup news stories of the week. In one of the major developments, Epharma guidelines are now released. As per the notification, which will be effective on or...
View ArticleClik here to view.
ShareChat Raises Its Valuation 7X With A Fresh Funding Round Of $100Mn
Bengaluru-based Indian regional language social platform ShareChat has raised close to $100 Mn (INR 720 Cr) in a funding round that will boost its valuation to $460 Mn (INR 3,332 Cr). This is a 7x...
View ArticleClik here to view.
Xiaomi To Roll Out Financial Services Unit In India, Plans To Seek RBI...
China-based electronics company Xiaomi, which is already popular in India as a major smartphone brand, is now looking to enter the consumer finance and B2B lending space in the country. Xiaomi is...
View ArticleClik here to view.
China’s Shunwei Capital Raises $1.21 Bn Fund With Focus On India
As business alignments of India and China continue to come closer, the investment landscape continues to lead the chart in the list of synergies. At the time when players like hotel aggregator chain...
View ArticleClik here to view.
Xiaomi Bets Big On Rural India: Opens 500+ Mi Stores, To Add 5K More By 2019
Chinese smartphone maker Xiaomi said that it has opened more than 500 Mi Stores across villages in India by October 29. Manu Kumar Jain, the global vice president of Xiaomi and the managing director of...
View ArticleClik here to view.
Vivo To Invest $574 Mn In India, To Double Manufacturing Capacity To 50 Mn...
With a view to increase its share in the Indian market, Chinese smartphone maker Vivo plans to invest over $573.95 Mn (INR 4,000 Cr) on its India plan, which includes setting up a new manufacturing...
View ArticleClik here to view.
OnePlus To Comply With RBI Ruling, To Store User Data Locally
China-based smartphone maker OnePlus has reportedly decided to relocate the data of all Indian users and store it in local servers to comply with the Reserve Bank of India’s (RBI) data localisation...
View ArticleClik here to view.
Suresh Prabhu, Apple Leaders To Discuss India Manufacturing Unit In Davos
The Indian minister of Commerce and Industry and Civil Aviation, Suresh Prabhu, will be reportedly meeting the leadership board of the US-based iPhone maker Apple Inc in Davos, Switzerland in January....
View ArticleClik here to view.
Samsung Ties Up With IndusOs To Bring Vernacular Touch To Its Apps
In the booming Indian smartphone industry, Korean smartphone maker Samsung has been an undisputed king for a long time, but for the past few years, but in recent times Chinese smartphone maker Xiaomi...
View ArticleClik here to view.
Xiaomi Bets Big On India Play With Latest Infusion Of $507 Mn
In the past few years, India’s smartphone growth has been largely attributed to cheaper internet thanks to Reliance Jio’s disruption of the telecom sector. However, something else also complemented...
View ArticleClik here to view.
Funding Galore: Indian Startup Funding Of The Week [18-23 Mar]
We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week! This week one of the biggest fundings came to ride-hailing unicorn Ola’s Electric unit, which raised $300 Mn...
View ArticleClik here to view.
Hungama Joins Hand With AI Startup CoRover To Offer Music Service On IRCTC
Mumbai-based online entertainment company Hungama has partnered with Bengaluru-based SaaS-based startup CoRover in order to offer a new video and audio streaming service to the Indian Railway Catering...
View ArticleClik here to view.
Xiaomi Launches Electric Bike Himo T1 In China
After launching smart TVs, air purifiers and many other tech products, Xiaomi has now launched an electric bicycle called Himo T1 yesterday. Himo T1 will be priced at INR 30K when it gets introduced in...
View ArticleClik here to view.
Xiaomi Has A New Way To Sell Phones — Vending Machines!
Chinese smartphone maker Xiaomi has been changing the way consumers buy smartphones. After introducing variety of budget phones over the last few years, the company has now changed the medium of buying...
View Article
