275 - Aakash Tablet Maker, Datawind Raises Rs.168 Cr. Via Ipo, Lists

Aakash Tablet Maker, Datawind Raises Rs.168 Cr. Via Ipo, Lists Shares In Toronto

Pooja Sareen on July 15, 2014 at 7:58 am

Maker of low cost tablets, Datawind has raised Rs.168 Cr. i.e. C$30 Mn (Canadian Dollar) through an IPO that closed in July 8 and has listed company shares on Toronto Stock Exchange.

“Our IPO (initial public offer) on the TSX (Toronto Stock Exchange) represents a major milestone for Datawind, and gives us the resources to implement the next stage of our vision to bring the internet to billions of unconnected people in the developing world,” said Suneet Singh Tuli, Datawind President and CEO.

Datawind plans to use the raised funds for expanding business across emerging markets. The company now will also be focusing on developing solutions that can facilitate access to internet services at affordable prices.

In its documents filed last month, the company had stated that it plans to sell between 5.2 Mn and 6.3 Mn shares, at a price of between C$4.75 and C$5.75 a share.

Datawind was the first one to make tablet PC Aakash, which cost the government Rs.2,276 per unit. It has also been selected for supplying Aakash 4 (expected to cost around Rs.3,500) and will also support 4G services.

“The world suffers from an internet infrastructure deficit, however, we believe our patented cloud based web delivery technology can effectively leverage existing cellular telephony networks to deliver affordable internet to 93 per cent of the world population,” said Datawind Co-Chairman and CTO Raja Singh Tuli.

Recently, Datawind was recognized by MIT Technology Review in its 2014 list of the world’s 50 smartest companies, as it is acknowledged for its ability to break the affordability barrier with tablet computers for the population at the base of the pyramid, while delivering internet access on existing networks.

DataWind is on the mission to bring internet to billions of unconnected people in the developing world. The Company’s Internet Delivery Platform offers a low-cost Internet browsing solution by bundling an affordable tablet device with an inexpensive, pre-paid, 2G Internet service plan.

274 - India Seeking For New Makers Of Aakash, The World's Cheapest Tablet

India Seeking For New Makers Of Aakash, The World's Cheapest Tablet

KayRoyster
posted this on Jul 03 08:15

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As tablets become a lot more and far more frequent in schooling – as seen in the United States, in which wealthy schools shift from textbooks to tablets – a less costly choice may let a more substantial population to join in. Suneet Tuli, CEO of Datawind, the maker of Aakash two, stated that, “I get college boards and colleges from the US and Canada often calling us up, asking for products. Inner-city colleges say to us, ‘It’s not just a problem above there – forty% of our little ones really don't have accessibility to PCs and the Internet.’”

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273 - Akash tablets for 300 students in five villages - TNN

Akash tablets for 300 students in five villages

TNN | Jul 3, 2014, 02.16AM IST

PUNE: As many as 300 students in five villages near Pandharpur will receive Akash tablets loaded with science applications that will enhance their learning and interactive skills.

The project will be launched by the Rajiv Gandhi Technology Commission and the free wi-fi network for the tablet user has been provided by the National Knowledge Network.

Two more applications for farmers will also be launched by the commission by next week in the ongoing Pandharpur pilgrimage.

"The project is called 'Shikshan Pandhari' and schools in five villages including Chale, Anawali, Kasegaon, Khardi and Kasegaon Road located within 20 km from Pandharpur, will receive these tablets supplied by Indian Institute of Technology, Bombay," said senior scientist and chairman of the commission Anil Kakodkar at a news conference on Wednesday at the Maharashtra Knowledge Corporation Limited (MKCL).

"Web-enabled educational material is being developed in Marathi which could be accessed through the network. Students using the tablets would get access to interactive learning, develop skills to access open educational resources available on the web, utilise communication and information technology for self- learning and get benefit of knowledge network," he said.

The educational content is being developed by MKCL and the project is aimed at taking low cost ICT- enabled education to remote villages.

The commission has organised a mobile exhibition on rural technolgies which will be launched in the ongoing Pandharpur pilgrimage. The commission has developed a technology called -- Maharashtra Network Technology and Innovations hub for Rural (Mahanetra) which enabled dissemination of appropriate technology in agriculture, livestock, etc.

Another application developed by the Bhabha Atomic Research Centre on biogas plant, low-cost water filters, etc would also be displayed, Kakodkar said.