Xiaomi invests ₹3,500 cr in its biggest investment in India so far

i1

Chinese smartphone maker Xiaomi has infused ₹3,500 crore in its India arm, the biggest investment in the country since it entered India over four years back. The funding was infused in two tranches in January and March. The funds will reportedly be used by Xiaomi to enter the white goods sector and expand Mi Home retail stores.