Computer hardware manufacturer Selligion Technologies received INR 5 crore in a pre-Series A investment round that was spearheaded by Malpani Ventures.
The money generated will go towards production improvements as well as research and development for Selligion’s upcoming phase of growth, as reported by Entrepreneur.com
“Thanks to our recent pre-Series round A funding, we are poised to make significant strides in our mission. Our research efforts will focus on further enhancing our offerings, with the aim of increasing our manufacturing capacity multi-fold—allowing us to reach more than 1 lakh students by march 2024. Through our subscription-based model, we are committed to providing affordable and easily accessible advanced computers to students across India. These devices will serve as a catalyst for their growth, equipping them with the necessary digital skills to pursue rewarding careers,” said Apeksha Mehta, co-founder and Spokesperson, Selligion Technologies.
“Embracing digital literacy is the key to unlocking India’s potential, but with only 10-15% of Indian homes owning a computer, our nation’s digital infrastructure demands immediate strengthening. We aim to bridge this divide, creating a technologically inclusive ecosystem that empowers every learner, regardless of their background, to thrive in the digital age. By strengthening our digital foundations, we can forge a brighter, more equitable future for our beloved nation,” said Dr Aniruddha Malpani, Malpani Ventures.
About Selligion Technologies
In the year 2020, Selligion Technologies was founded. The company produced the Selligion Praho, which is marketed as the first cloud-based hybrid computer in the world. According to a press release, Selligion is on a mission to provide every Indian household with a powerful computer and to give every Indian youngster access to unrestricted, reasonably priced computers and the opportunities they bring.