Andy Rubin's startup valued at $1 bn without selling phones
Android Founder Andy Rubin's startup Essential has reportedly been valued at over $1 billion on Saturday, even before shipping a single phone. This valuation follows Foxconn's FIH Mobile filing for $3 million investment in Essential for around 0.25% stake. Essential Phone, which is priced at â¹44,800, will be powered by Qualcomm processor with 4 GB RAM. 