Ratan Tata Makes Investments In Chinese Smartphone Maker Xiaomi

By Prateek

Ratan Tata has invested an undisclosed amount in China's largest smartphone maker, Xiaomi, making him the first Indian investor in the world's most valued technology startup, which raised $1.1 billion last year.

Ratan Tata Makes Investments In Chinese Smartphone Maker Xiaomi

Xiaomi, the No. 3 global smartphone maker, was valued at $45 billion after a December funding round.

Recommended Link: Apple Watch Begins Global launch -- Quietly

"Mr Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far," Lei Jun, founder and CEO of Xiaomi, said in a statement on Sunday, announcing the investment.

Tata'a investment in Xiaomi comes against the backdrop of an aggressive push by Xiaomi in India after entering the market, which has huge growth potential with just one in 10 people using smartphones, in July 2014.

Ratan Tata Makes Investments In Chinese Smartphone Maker Xiaomi

On Thursday, Xiaomi hosted its first global launch outside of China in the Indian capital New Delhi, unveiling its feature-heavy Mi 4i model that supports six Indian languages at 12,999 rupees.

Recommended Link: Belt Technology offers Quick Repair Post-earthquake

Xiaomi and other Chinese smartphone makers are drafting in cricket teams and Bollywood stars to conquer India, their largest overseas market and a key testing ground for their international expansion.

Most Read Articles
Best Mobiles in India

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more