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In first India deal, Xiaomi leads $25M round for music/movie streaming firm Hungama
via techcrunch.olanola

Xiaomi has furthered its push into India after completing its first investment in the country. The Chinese smartphone today announced it has led a $25 million investment in Hungama, a video and music streaming service that claims 65 million users, and...
Jhunjhunwala became billionaire by not selling anything
via moneyexcel

You must have heard about recent release of the book “How to to become billionaire by selling NOTHING” This book is written by blogger Mr.Aditya Magal. He runs blog on the name of “Rakesh Jhunjhunwala”. As the name of rakesh jhunjhunwala...
Billionaire Rakesh Jhunjhunwala acquires 1.4% stake in Spicejet
via ch-aviation

Spicejet (SG, Delhi Int'l) has sold a 1.4% stake in its shareholding to Indian billionaire investor and trader, Rakesh Jhunjhunwala, for INR130.05million (USD2.1million). The announcement comes just days after the struggling budget carrier announced...
Hungama raises $25 MN in funding round led by Xiaomi along with 3 investors
via indiantelevision

MUMBAI: Hungama has raised an investment of US$25M, led by smartphone company Xiaomi, along with existing investors Intel Capital, Bessemer Venture Partners and ace financial investor and Indian billionaire, Rakesh Jhunjhunwala. The company has constantly...
IndiGo IPO Receives 6x Bids
via 20twentytwo.blogspot

The Rs.3,268-crore initial public offering of InterGlobe Aviation attracted strong demand with the operator of no-frills airline IndiGo receiving bids for more than six times the shares on sale. Foreign institutions were the most aggressive bidders in...