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Xiaomi launches Mi Credit in India

Business Finance

Press Trust of India  |  * New Delhi 

Handset maker Xiaomi today said it has launched Mi Credit, using which its users can apply for loans.

"Mi Credit is currently available in partnership with KreditBee, an instant personal loan platform for young professionals. Currently, Mi Credit is available only for MIUI users (except Mi A1) where KreditBee is offering loans from Rs 1,000 up to Rs 1 lakh," Xiaomi said in a statement.

The loan process can be initiated in less than 10 minutes with KYC verification, it added.

"MIUI functions as an open platform for us to deliver our wide range of internet services, such as content, entertainment, financial services and productivity tools. Mi Credit is another big step in bringing an important internet service to India," Xiaomi Vice President and India Managing Director Manu Jain said.


UrbanClap partners Ikea for furniture assembly service *

UrbanClap today said it has collaborated with Ikea as the furniture assembly service partner for the Swedish brand in Hyderabad.

"As part of this collaboration, consumers purchasing a select range of Ikea furniture from the store will be able to book furniture assembly services via the UrbanClap app or website," UrbanClap said in a statement.

Ikea will contribute in the training of the carpenters on UrbanClap's platform, thereby, upskilling them to become professional Ikea assemblers, it added.

Patrik Antoni, Deputy Country Manager at Ikea India said the Ikea trained carpenters will be listed on the UrbanClap platform and customers will be able to order their services.

"To further strengthen our services offer, Ikea will also have an in-house team of 150 assemblers, out of which today 75 are women in line with our commitment to have 50 per cent women co-workers at all levels in Ikea India," he added.

***** Letstrack to foray into Bangladesh, Sri Lanka


Real-time tracking systems maker Letstrack today said it is expanding its presence in two international markets Bangladesh and Sri Lanka.

"The plan to expand our reach in International markets reflects the company's vision to become one of the most preferred and advanced GPS tracking devices and applications across the globe," Letstrack founder and CEO Vikram Kumar said.

Last month, Letstrack had raised a seed funding of USD 1.7 million from UK-based investor James Arthur.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, May 24 2018. 16:40 IST