India, 28th July 2023: Selligion Technologies, makers of the world’s first consumer cloud computer, raised INR 5 crore in a pre-Series A round led by Malpani Ventures, one of the most respected VC firms in the country that helps and funds frugal innovations. They are leading the round with an investment of INR 3 crores, with the remaining investment being contributed by leading entrepreneurs, venture capitalists, and investors from India, Singapore, and the USA. The funds raised will be used for research and development and to augment the manufacturing efforts for Selligion’s next phase of expansion.
Selligion Technologies’ focus is to change the face of learning and redefine computing in India by leveraging cloud technology and providing affordable yet uncompromised computers on a subscription model to every Indian student deprived of quality computing ecosystem due to a lack of spending capabilities.
Commenting on the collaboration Apeksha Mehta, Co-Founder and Spokesperson at Selligion Technologies, said, “At Selligion, we are dedicated to empowering every child with essential digital skills by offering a powerful computer hardware, a user-friendly operating system, and a robust cloud infrastructure. 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.”
Dr. Aniruddha Malpani of Malpani Ventures, a pioneer in the field of medicine and one of the most celebrated champions for the cause of education for all, added, “Embracing digital literacy is the key to unlocking India’s potential, but with only 10-15 per cent 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.”
Selligion delivers a powerful, no-compromise home computer loaded with all the apps needed for school and office work, along with a Keyboard and Mouse. Selligion Praho is the world’s first hybrid cloud computer, specially designed to solve all possible use cases in education. Selligion Praho is conceptualized and designed in India and runs on Selligion Abacca OS.
