Xiaomi has made its first investment in India, leading a $25 million (170 crore) funding round into Hungama Digital Media Entertainment..Cyril Amarchand Mangaldas acted for Xiaomi with a team led by Partner Arun Prabhu and Senior Associate Suvojit Halder..Trilegal advised Hungama with a team led by Partners Sridhar Gorthi and Kunal Chandra along with Senior Associate Anjali Menon-Malhotra and Associate Aditi Jain..Khaitan and Co acted for Bessemer Venture Partners Trust on this deal..Xiaomi has invested along with Hungama’s existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala to pick up a minority stake, reports ET.
Xiaomi has made its first investment in India, leading a $25 million (170 crore) funding round into Hungama Digital Media Entertainment..Cyril Amarchand Mangaldas acted for Xiaomi with a team led by Partner Arun Prabhu and Senior Associate Suvojit Halder..Trilegal advised Hungama with a team led by Partners Sridhar Gorthi and Kunal Chandra along with Senior Associate Anjali Menon-Malhotra and Associate Aditi Jain..Khaitan and Co acted for Bessemer Venture Partners Trust on this deal..Xiaomi has invested along with Hungama’s existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala to pick up a minority stake, reports ET.
