London-based tech startup Nothing just scored a massive $200 million in its Series C funding round, pushing its valuation to a whopping $1.3 billion. And guess what? India is right at the center of their big growth plans.
The round brought in fresh support from Zerodha co-founder Nikhil Kamath and Qualcomm Ventures, giving Nothing the cash boost it needs to crank up innovation. Nothing CEO Carl Pei couldn’t hide his excitement, saying this funding sets the stage for their next big leap—from a fresh face in smartphones to building an AI-native platform where hardware and software team up into one smart system.
In just four years, Nothing has shipped millions of devices worldwide. They’re on track to smash past $1 billion in total sales by the end of 2025, after a stunning 150% growth spurt in 2024. That’s no small feat for a company that’s shaken up the smartphone market.
India is proving to be Nothing’s golden ticket. According to Counterpoint Research, the brand exploded with a 577% year-on-year growth in the Indian smartphone market last year. No wonder they’re doubling down here—it’s a key part of their global expansion strategy.
Pei recently hinted that Nothing is eyeing more exports from India to dodge risks from shifting international trade rules. The company is all in on the ‘Make in India’ push, with their latest hits like the Phone 3a and Phone 3a Pro getting assembled right here. This local manufacturing move helps them keep costs in check and stay nimble amid global supply chain twists.
Pei has a bold vision for the future: “For AI to truly shine, consumer hardware has to evolve with it. We’re talking operating systems that really get you—hyper-personalized, adapting to your every need and context.” Nothing sees this as their chance to lead the charge in AI-powered tech. Watch this space; things are about to get even more exciting.
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