Swipe Telecom Launches First 3D Tablet in India

Swipe Telecom (California-based) has launched a range of tablets in India, including the country's "first 3D tablet".

Swipe Telecom launches first 3D tablet in India

The tablets are priced in the range of only Rs 5,999 to Rs 6,999, while the other one with mobile technology is priced at Rs 8,999.

The company claims that these are the fastest and lightest devices in the category.

Swipe Telecom Founder and Chief executive Shripal Gandhi said the dometic tablet PC market was 0.95 million units or Rs 2,200 crore in value last year, but is expected to touch 2.2 million units this year.

The US, the largest tablet market with 20.9 million units sold in last year, is now projected to sell more than twice as much, at 42.5 million, this year. Europe is expected to witness sale of 28.7 million tablets this year.

Co-founder and Chief Financial Officer Aman Gupta said the company is backed by Mantra Ventures with commitment of $10 million, and is also in discussion with other PEs for an additional $20 million.

Mantra Ventures has a portfolio consisting of companies in the real estate, KPO, BPO and healthcare.
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