Xiaomi invests in India-based video content provider, says report

IndiaDigi Times — Xiaomi Technology will invest US$25 million in India-based digital entertainment content provider Hungama, in a bid to integrate Hungama’s content with its smartphones launched in India, according to a China-based tech.qq.com report. Other investors taking part in the Hungama’s current round of capital expansion project include Intel Capital, Bessemer Venture Partners as well India-based venture capitalist Rakesh Jhunjhunwala, said the report.


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