Smartphone vendor Xiaomi is keen on investing in startups in India and is scouting for opportunities in Bangalore and Delhi-NCR as it looks to add new features and services to its products.
“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,” Xiaomi Vice-President Hugo Barra said, adding that the focus is on mobile and apps that can be incorporated to enhance the product experience, he added.
“The startup 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 its more than just investment,” he said.
Barra said globally, Xiaomi invests anything from $100,000 to millions of dollars on funding innovative firms.
Published 24 November 2014, 16:52 IST