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November 28, 2012

Deal Alert: Swipe Telecom to raise $20-M


Pune headquartered Swipe Telecom India Pvt Ltd is in talks with two Indian firms and one US-based firm for raising $20 million (Rs.110 crore approx) through private equity route for expansion, branding and innovation of its products which include mainly tablet PCs. 

The company has earlier raised $10 million (Rs.55 crore approx) from Mantra Ventures. The company plans to expand outside India by end of January 2013, entering Ireland and US markets.