The smartphone maker aims to invest in 100 India-based startups over the next five years as it seeks to build its mobile app ecosystem.
China-based consumer electronics producer Xiaomi is set to invest up to $1bn in 100 India-based startups over the next five years, LiveMint reported yesterday.
Xiaomi has joined forces with its venture capital affiliate Shunwei Capital as it seeks to build an ecosystem of mobile apps around its smartphones. Its investments will focus on manufacturing, entertainment content, fintech and hyperlocal services such as phone repairs.
The corporate, which entered India in 2014, hopes the investments will help create more loyalty among…
