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The rise and stall of Xiaomi India

Finshots Daily

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Introduction

Manukumar Jain, the man who built Jabong was on the lookout for his next venture. He wanted to do something in the hardware space and flew to China hoping to raise money from investors. But as luck would have it, he ran into Xiaomi's then-wise president Hugo Barra,. And instead of going the founder out, Jain became Xiaomi's first executive here.

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