Xiaomi says wants to invest in Indian start-ups

China's Xiaomi Inc, the world's third-biggest smartphone maker, will invest in Indian start-ups and overseas media content, Hugo Barra, vice president of the company's global division, said in an interview on Friday.

China's Xiaomi Inc, the world's third-biggest smartphone maker, will invest in Indian start-ups and overseas media content, Hugo Barra, vice president of the company's global division, said in an interview on Friday.

This app uses EEG frequency and ambient sounds of a babbling brook or rain to help lull you to sleep. Ranks as the top paid health app in Japan's Apple Store. ¥85.Photo: AFP

This app uses EEG frequency and ambient sounds of a babbling brook or rain to help lull you to sleep. Ranks as the top paid health app in Japan's Apple Store. ¥85.Photo: AFP

'Where we really want to make significant investments is in content, particularly in the Chinese market to start with but beyond that in other markets as well,' Barra said.

'We are already making some investments for now focused on China, but in the future we will do that in other markets too.'

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Just three years after selling its first smartphone, a $1.1 billion round of fund-raising announced in December valued Xiaomi at $45 billion. The privately held company has risen to become the No. 3 handset maker and is now challenging Apple Inc and Samsung Electronics Co Ltd as well as domestic rivals such as Huawei Technologies Co Ltd.