A couple of days after the Xiaomi Mi 4i launch in New Delhi, the company announced on Sunday that Ratan Tata has made an investment in the company.
“Mr. Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far. We are looking forward to bringing more products into India,” said Lei Jun, Founder and Chief Executive Officer of Xiaomi.
There are no details available on how much money the Tata Sons Chairman Emeritus has invested in the company that entered India last July. Xiaomi was reportedly valued at over $45 billion in its last round of funding.
“We’re incredibly honoured by this extraordinary vote of confidence. Mr Tata is very excited about Xiaomi and our plans for India, and we’re really looking forward to working with him as an investor and advisor to build Mi India as a truly Indian company!,” Xiaomi Vice President Global Hugo Barra said on Facebook.