Developer of Aakash Tablet Raises $28M from IPO

Financing

Developer of Aakash Tablet Raises $28M from IPO

Jul 15, 2014

WINDS OF CHANGE: DataWind, developer of the low-cost Aakash tablet, has raised $30 million Canadian dollars (US $28 million) on the Toronto Stock Exchange. The company made headlines back in 2011 when it announced a $35 Aakash tablet designed for students in underdeveloped parts of the world, beginning with India. (It has also been piloted in schools in the U.S.) That project has gone through a fair share of ups and downs, but that's not stopping the company from attempting another ambitious mission: "leverage existing cellular telephony networks to deliver affordable Internet to 93% of the world population." More details in the press release.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up