Xiaomi is looking for Indian startups to launch into e-commerce

Xiaomi is developing a complete e-commerce business model for its phones and devices.

The company’s Indian Head Manu Kumar Jain it is actively considering investing in a few technology startups to develop an eco-system. Currently, a huge chunk of its profits comes from partners like Flipkart or Amazon or Snapdeal.

"The investment will go into setting up our own e-commerce business (including setting up) warehouse and logistics. We also enable sales though me.com, which is our own ecommerce platform. We have not done any marketing for that (to promote the site)," Jain told reporters.

He said the company is currently getting a few thousand orders a day, adding, they would also be investing in setting up a research and development centre in Bengaluru, a manufacturing facility and expanding exclusive sales and service network.

Jain said they are in talks with several state governments for setting up plants.

"We are actively talking to few other tech companies. They are startups and none of them are like the new ones who are looking for angel's money. They are established. They have raised one or two rounds of funding and generating revenues," Jain explained.

(Image credit: Indiatimes)