Home » Money Matters » Pune’s Swipe Telecom gets further funding from Kalaari Capital (30cr)

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Pune’s Swipe Telecom gets further funding from Kalaari Capital (30cr)

(Sorry, this news is being posted here a little late; I was on vacation when this news broke, and decided that a late update is better than no update at all.)

Pune based Swipe Telecom, which has been selling low-priced tablets in the Indian market for the last 2 years has received Rs. 30 crore in funding from Kalaari Capital, [reports the Economic Times][blink].

Here is some interesting information about Swipe from the article:

Swipe offers around 23 types of tablets which include those with 3D resolution as well as a range aimed at children. While its current products are on Google’s Android platform, it will soon introduce tablets on the Microsoft Windows platform.

and, some information about the founder:

“We want to be a leader in one category ,” said Shripal Gandhi, cofounder & CEO of Swipe who has 11 patents in nanotechnology. He has earlier worked at Unidym, where he worked on touch screen technologies for clients like Samsung and Apple. It is this focus that is proving attractive to investors.

And information about their revenues:

The fast growing company, founded by Gandhi and Aman Gupta two years ago, has seen a three-fold increase in revenue which touched Rs 100 crore in fiscal 2014, with an estimate to touch Rs 300 crore next year. Swipe Telecom, which says it can develop and roll out products in five weeks, is able to customise its tablets for enterprises and plans to make pre-loaded tablets for education institutes and banks.

Read the full article

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