Xiaomi makes 1st investment in India in Hungama
Chinese smartphone maker Xiaomi has made its first investment in India after leading a $25 million funding in Gurgaon-based Hungama Digital Media Entertainment. Existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala also participated in the round. Notably, Xiaomi had earlier invested in China's online video provider iQiyi and video streaming website Youku Tudou. \n\n