Rata Tata has a knack of spotting great companies and after Snapdeal, Urbanladder, Paytm he has invested in Xiaomi, the Chinese mobile manufacturer valued at more than $45Bn.
Xiaomi earlier raised $1.1 Bn at $45Bn valuation from All-Stars Investment, Yuri Milner’s DST, GIC, Hopu Fund and Yunfeng Capital.
We're really excited to announce our newest Xiaomi investor — Mr Ratan Tata, Chairman Emeritus of Tata Sons.
— Hugo Barra (@hbarra) April 26, 2015
Given that Xiaomi has now gone ahead with selling in other ecommerce stores (they were earlier selling exclusively on Flipkart), will this deal lead to a distribution integration between Tata’s Croma and Xiaomi ?