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Ratan Tata Buys Stake in Xiaomi

PUBLISHED BY: SURENDER KUMAR
APRIL 26, 2015

   
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Ratan Tata Buys Stake in Xiaomi

 Ratan Tata Buys Stake in Xiaomi

Ratan Tata, chairman emeritus of Tata Sons, has made an investment in Chinese smart devices-maker Xiaomi, the first investment by any Indian in the company. However, the details  have not been revealed. Xiaomi had six rounds of funding to date and had raised over $1 billion from investors including GIC valuing the company at over $45 billiion.

Indian billionaires are increasingly investing in mobile and internet technology ventures. Ratan Tata had invested in mobile payments and commerce venture Paytm, picking up a small stake in One97 Communications, which owns the company. Earlier, Ratan Tata had invested in e-tailer Snapdeal in his personal capacity. Tata's previous investments in India's consumer internet sector include Urban Ladder, Bluestone and CarDekho.



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