The dream run for Xiaomi doesn’t seem to end anytime sooner. After outdoing its arch rival Samsung as it became the leading mobile handsets selling company in China and 5th largest in the globe the company is now concentrating on India markets. Company sources have repeatedly indicated that India will be a market to focus upon in 2015. There is massive news on the same as one of India’s most respected entrepreneurs Mr. Ratan Tata, former chairperson of the Tata Group of industries and the chairman of charitable trusts run by the company is interested in investing money into Xiaomi. This is reported to be an investment on a personal capacity and will not have any links with the corporate investments of the company. Xiaomi reported a similar fundraising worth $1.1 billion last year, making it a $45billion technology company.
News declared after weeks of discussion:
Lei Jun, the founder cum CEO of Xiaomi declared that he is feeling truly appreciated by Mr. Tata’s interested and is looking forward to try out new business strategies along with the present ones. Indian mobile market will remain the top priority market for this year as he was indicated that the company is ought to introduce many high-quality, innovative tech gadgets in the coming months.
Xiaomi, for the business records has clearly outdone every possible competitor as it has risen to be the fastest growing company in the sector globally.
Xiaomi has big plans in pipeline for the Indian market to be the No-1 company in the next 5 years
Discussions between the Tata’s and Xiaomi were held for more than a few weeks. After the confirmation Ratan Tata is set to become the 6th investor in the technology company. For now, the news of investment is confirmed but the amount is undisclosed. The Chinese phone marker has a list of investors like the HOPU investment management company, Morningside Group, All-Stars Investments and many more which has helped the company reach a financially adequate stage. On the other hand, Rata Tata’s sources haven’t come out in open about the quantity of the investment planned. However, this is the first overseas investment by Ratan Tata as he has made investments India start-ups until now. Bluestone, Urban Ladder and CarDekho are some of the companies into which he has pumped in funds. Snapdeal and One97 communications (it owns Paytm) are latest Indian start-ups that have reportedly raised funds from Mr. Tata.
Xiaomi’s progress likely to race ahead:
With probably the most positive news coming this early in the year, Xiaomi’s uphill journey in the Indian mobile market is only expected to be well. In the meanwhile the company’s first try in India has be a superb move as there were more than 2, 25,000 registrations made on Flipkart for the Mi-4i which is also the first model to make its debut outside china.