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Xiaomi keen to invest in Indian start-ups

Tags: Xiaomi, start-ups, invest, innovation

November 25, 2014 | COMMENTS ( 0 )

Xiaomi keen to invest in Indian start-ups

Smartphone vendor Xiaomi is eyeing India to invest in start-ups, especially in Bangalore and Delhi-NCR, says a PTI report.

"Innovation is the key at Xiaomi. We want to build an ecosystem of innovation and for that we are looking at investing in start-ups. The focus is on mobile and apps that can be incorporated to enhance the product experience," Hugo Barra, Vice President, Xiaomi told PTI.

The company started its operations in India in the year 2014, and has also announced the launch of its  third device in the Indian market - Redmi Note.

"The start-up ecosystem here is very vibrant. People are coming back and doing a lot of interesting things around technology, and we want to bring that to the people. In that sense, we are venture capitalists. But it’s more than just investment. Xiaomi invests from $100,000 to millions of dollars on funding innovative firms," Barra further told PTI.

The Redmi Note features a 5.5-inch screen, 1.7 GHz octa- core MediaTek processor, 2GB RAM, 8GB internal flash memory (expandable up to 32GB), 13MP rear camera and 5MP front camera and 3,100 mAh lithium-polymer battery. It has 1.6 GHz quad-core Qualcomm Snapdragon processor and supports both TDD and FDD versions of 4G services.

As per the PTI report, registration for the 3G version of Redmi Note will start in November 25 on flipkart.

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