Posted in: Mobile phones, Various

Ratan Tata makes an investment in the Chinese startup Xiaomi

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Xiaomi recently announced the new Mi 4i global smartphone in India, kind of assuring its commitment to the vast market. Following that hysteria, a new update arrives in favour of the Chinese startup.

Ratan Tata, the chairman emeritus of Tata Sons, has made an investment in Xiaomi Inc. Details on the investment and its exact amount remained under wraps. Last year, Xiaomi managed to raise $1.1 billion and the company was valued at $45 billion.

Xiaomi saw a rapid growth in India since its entry in July 2014. The Chinese manufacturer has imported about 1.9 million phones in India as of the end of March.

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