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Xiaomi does not plan India IPO anytime soon: COO
December 11, 2024
|Mint Mumbai
The company's strategy is to focus on smart home devices and generate revenues from premiumization
Xiaomi has no plans for an India listing anytime soon, but it intends to bring a larger pool of products to the country and wants to be known beyond smartphones, according to its newly appointed chief operating officer, Sudhin Mathur.
With an aim to connect over 700 million IoT (internet of things) devices over the next decade, up from about 250 million now, the Chinese company is focusing on televisions, tablets, hearables and wearables, besides products such as air purifiers, robo-cleaners, and security cameras.
"We're not looking at it (IPO) at this point," Mathur told
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