Finally! A mobile that’s made in India.
Bangalore-based Digibee Microsystems (Digibee) is all set to take this pioneering step in the next few weeks.
Announcing the investment of $8.5 million (about Rs 38 crore) by Clearstone Venture Partners and SIDBI in the firm, Mr Vijay Balakrishnan, Vice-President of Marketing, Digibee, said the amount would be used to fund the company’s first phase of operations.
It will tie up with the top five mobile operators in the country, who have between them around 115 million subscribers, and begin the process of rolling out handsets. The investment will be utilized to obtain licences, IPRs (intellectual property rights) and in strategic deals with the component manufacturing vendors.…
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