Reddy comes after spending four years in Snapdeal and another four prior to that in leading consultancy Ernst and Young.
For fructifying a deal with Foxconn, Nokia will need to reach out to the Indian government, specifically the departments of revenue, income tax, commerce and electronics & IT.
“We want to double our user base year-on-year over the next two years, reaching a GMV of $2 billion and a retailer base of 500,000,” she added.
Our goal is that at least 50% of them should be using MobiKwik, if not more,” said Upasana Taku, co-founder of Mobikwik, which has about 32 million customers.
The Department of Telecommunications (DoT) had asked all handset makers to develop and install software patches that enable panic buttons in all phones.
The new partners will implement Xiaomi’s direct-to-retail model, developed specially for the Indian market - where they will supply directly to retail stores.
Low-cost smartphones are considered key in propagating the wider adoption of technology in India, with experts pegging Rs 3,000 as the inflection point.
India was among the few bright spots for Apple in its second quarter earnings, which saw its largest growing market China shrink – revenue fell by 11 per cent.
“We will launch three more 4G phones this year, including one with virtual reality, along with a VR headset manufactured by TCL, around Diwali, which will also have exclusive content.”
Intex Technologies and Zen Mobiles didn't respond to emailed queries, while Kalirona declined to comment on his move.
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