100 million dollar funding HMD

Finland-based Startup HMD is marketing the phone using the global Nokia brand These devices have initiated the expansion of handset business for the wider response to the customer level. HMD funds are being collected for this purpose. On Monday, the HMD Global Handset released information about $ 100 million for the development of the business. News ReutersThe new investments made by HMD Global include: DMJ Asia Investment Opportunity and Fox Group's Partnership FHI Mobile However, HMD Global did not disclose how much these companies have invested. According to the HMD, in the year 2017, seven million units of Nokia brand phones were sold. They earn revenue of 180 million euros ($ 2 billion). Therefore, steps have been taken to increase sales of Nokia brand phones this year. Funds have been collected as part of it. HMD Global plans to double the sales of Nokia brand smartphones in the major markets this year.HLD Global CEO CEO Florian Sachi said in a statement that their goal is to be a leading global smartphone market. He said, our self-confidence increased through initial success.

According to market research firm Counterpoint, last year, Nokia Brand was the top selling low-priced feature phone. At the same time, the Nokia brand was ranked 11th in the global smartphone market.Nokia was once one of the world's largest handset maker. But the company fell behind the smartphone market and the company. That's why Nokia sold its mobile phone business division to Microsoft in 2014. The company has now focused on telecom network equipment business. HMD has paid global Nokia for brand and patent. However, Nokia has no direct investment in HMD.HMD Global is the first Android-powered smartphone Nokia to release 6 months in January. After that the extensive start-up organization was started and extensive discussion started. There are various types of success to be associated with it. According to analysts data, the most successful Startup HMD Global as the newest company in the smartphone market after Apple in 2007.HMD has brought some of the old models of Global Nokia phones back. That's why Nokia 3310 models are available in the market again. HMD brings snake games and old ringtones to Nokia phones.