Micromax Launches Canvas LapTab, A Tablet-Laptop Hybrid Device

Today, the desi smartphone manufacturer, Micromax takes a step forward expanding their products by launching the Windows tablet PC dubbed as Canvas LapTab. After entering the smartphones and televisions market, Micromax now aims to leave its mark in personal computing segment. The tablet transforms into a laptop when attached to a portable keyboard, making it a portable Laptop cum Tablet.

Vikas Jain, the co-founder of Micromax stated at the launch event –”We will launch five to six laptab models by March next year, which will more than 10-inches in screen size. We will move into pure laptops and pure personal computers overtime. We are thinking of manufacturing it in India.“

Micromax Canvas LapTab Specs

Coming to the specs, the Canvas LapTab comes a 10.1-inch WXGA IPS touch screen display. The device gets its processor power from an Intel Atom Z3735F processor clocked at 1.83 GHz, and is coupled with 2GB of RAM. The company hasn’t specified the memory storage details.

The tablet runs on Windows 8.1, which can further be upgraded to Windows 10 once its released.

The Canvas LapTap gets a 2 MP front and rear camera for imaging and video calls. It comes with a massive 7,700 mAh battery, which can keep it the LapTab alive for 10 hours, as claimed by the company. It also includes a 3G SIM slot for mobile data connectivity.

Micromax Canvas LapTab Price 

This LapTab comes for an attractive price of Rs. 14,999. This pricing should attract a lot of potential buyers looking for a budget friendly Tablet/Laptop.

Micromax Canvas LapTab Release Date

The Canvas LapTab will be available from May 6 on Amazon and may also be available via offline channels later.

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Micromax Launches Canvas LapTab, A Tablet-Laptop Hybrid Device

Today, the desi smartphone manufacturer, Micromax takes a step forward expanding their products by launching the Windows tablet PC dubbed as Canvas LapTab. After entering the smartphones and televisions market, Micromax now aims to leave its mark in personal computing segment. The tablet transforms into a laptop when attached to a portable keyboard, making it a portable Laptop cum Tablet.

Vikas Jain, the co-founder of Micromax stated at the launch event –”We will launch five to six laptab models by March next year, which will more than 10-inches in screen size. We will move into pure laptops and pure personal computers overtime. We are thinking of manufacturing it in India.“

Micromax Canvas LapTab Specs

Coming to the specs, the Canvas LapTab comes a 10.1-inch WXGA IPS touch screen display. The device gets its processor power from an Intel Atom Z3735F processor clocked at 1.83 GHz, and is coupled with 2GB of RAM. The company hasn’t specified the memory storage details.

The tablet runs on Windows 8.1, which can further be upgraded to Windows 10 once its released.

The Canvas LapTap gets a 2 MP front and rear camera for imaging and video calls. It comes with a massive 7,700 mAh battery, which can keep it the LapTab alive for 10 hours, as claimed by the company. It also includes a 3G SIM slot for mobile data connectivity.

Micromax Canvas LapTab Price 

This LapTab comes for an attractive price of Rs. 14,999. This pricing should attract a lot of potential buyers looking for a budget friendly Tablet/Laptop.

Micromax Canvas LapTab Release Date

The Canvas LapTab will be available from May 6 on Amazon and may also be available via offline channels later.

Read more ...

Micromax plans to raise funds, enter into PC business

MUMBAI: Indian smartphone maker Micromax Informatics Ltd is looking to raise capital from private investors or through a stock market listing, as it expands into new business segments including personal computing, its co-founder said.

Micromax, backed by private equity firms including Sequoia Capital and TA Associates, has held discussions with a group of investors led by Japanese mobile telecom firm SoftBank Corp , Reuters reported last month.

Those talks were about the sale of a 20 percent for up to $1 billion, two people had said, which values the Indian firm at around $5 billion.

Vikas Jain declined to confirm any ongoing talks but said the company was also open to the option of an initial public offering of shares possibly on a local stock exchange.

"As we talk, both the options remain open. We have various (investment) i-bankers who have approached us with either of the options and we're given to understand that there is sufficient amount of interest in Micromax," Jain told Reuters in an interview.

Micromax, which entered the Indian handset market in 2008 with cheap large-screen phones, had hired banks in 2010 for an IPO to raise as much as $150 million but scrapped the plan a year later, citing poor market sentiment.

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Micromax plans to raise funds, enter into PC business

MUMBAI: Indian smartphone maker Micromax Informatics Ltd is looking to raise capital from private investors or through a stock market listing, as it expands into new business segments including personal computing, its co-founder said.

Micromax, backed by private equity firms including Sequoia Capital and TA Associates, has held discussions with a group of investors led by Japanese mobile telecom firm SoftBank Corp , Reuters reported last month.

Those talks were about the sale of a 20 percent for up to $1 billion, two people had said, which values the Indian firm at around $5 billion.

Vikas Jain declined to confirm any ongoing talks but said the company was also open to the option of an initial public offering of shares possibly on a local stock exchange.

"As we talk, both the options remain open. We have various (investment) i-bankers who have approached us with either of the options and we're given to understand that there is sufficient amount of interest in Micromax," Jain told Reuters in an interview.

Micromax, which entered the Indian handset market in 2008 with cheap large-screen phones, had hired banks in 2010 for an IPO to raise as much as $150 million but scrapped the plan a year later, citing poor market sentiment.

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Micromax Canvas Laptab With 10.1 Inch Display, Windows 8.1 Launched At Rs. 14,999 | Micromax's New Product Category Launch today(30 April 2015)

After establishing well its footprint in smart devices and televisions, Micromax has forayed into the Laptop category in India and launched the new Micromax Canvas Laptab. The Canvas Laptab is two-in-one device and is targetted at first time users. The Canvas Laptab will be available exclusively on Amazon.in at the special price of Rs.14, 999 from 6th May, 2015.

The Canvas Laptab comes pre-bundled with Windows 8.1 OS and office 365, and will be upgraded to Window 10, when it will become available. This devices can be used as a laptop with the keyboard or as a tablet. The display of the Laptab can be easlily detached to be used as a tablet. The Canvas Laptab has a 10.1-inch WXGA IPS Display, and is powered by a Intel Atom Processor Z3735F (2M Cache, up to 1.83 GHz). It comes with 2GB RAM and 32GB flash memory. It is also equipped with 2 mega-pixel fixed-focus rear and 2 mega-pixel front camera.




The Canvas Laptab has a powerful battery of 7,700 mAh battery , which is claimed to offer 10 hours of usage time. This is very light device and weighs just 1.1 Kilogram.

Key features of Micromax Canvas Laptab- LT666

– Intel Atom Processor Z3735F (2M Cache, up to 1.83 GHz)
– Pre bundled Windows 8.1 (free upgrade to Windows 10) and Office 365
– 10.1-inch WXGA IPS Display
– Weight 1.1kg
– RAM 2GB DDR3L | 32GB Flash Memory
– 10 Hours Use Time
– 2MP FF Rear Camera & 2MP FF Front Camera
–  connectivity options of Wi-Fi | Bluetooth v4.0 | 1 Micro USB + 1 USB 2.0
– SIM slot for Data Access only (2G/3G)
– USB Ports to plug in SATA drive and other peripherals

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Micromax Canvas Laptab With 10.1 Inch Display, Windows 8.1 Launched At Rs. 14,999 | Micromax's New Product Category Launch today(30 April 2015)

After establishing well its footprint in smart devices and televisions, Micromax has forayed into the Laptop category in India and launched the new Micromax Canvas Laptab. The Canvas Laptab is two-in-one device and is targetted at first time users. The Canvas Laptab will be available exclusively on Amazon.in at the special price of Rs.14, 999 from 6th May, 2015.

The Canvas Laptab comes pre-bundled with Windows 8.1 OS and office 365, and will be upgraded to Window 10, when it will become available. This devices can be used as a laptop with the keyboard or as a tablet. The display of the Laptab can be easlily detached to be used as a tablet. The Canvas Laptab has a 10.1-inch WXGA IPS Display, and is powered by a Intel Atom Processor Z3735F (2M Cache, up to 1.83 GHz). It comes with 2GB RAM and 32GB flash memory. It is also equipped with 2 mega-pixel fixed-focus rear and 2 mega-pixel front camera.




The Canvas Laptab has a powerful battery of 7,700 mAh battery , which is claimed to offer 10 hours of usage time. This is very light device and weighs just 1.1 Kilogram.

Key features of Micromax Canvas Laptab- LT666

– Intel Atom Processor Z3735F (2M Cache, up to 1.83 GHz)
– Pre bundled Windows 8.1 (free upgrade to Windows 10) and Office 365
– 10.1-inch WXGA IPS Display
– Weight 1.1kg
– RAM 2GB DDR3L | 32GB Flash Memory
– 10 Hours Use Time
– 2MP FF Rear Camera & 2MP FF Front Camera
–  connectivity options of Wi-Fi | Bluetooth v4.0 | 1 Micro USB + 1 USB 2.0
– SIM slot for Data Access only (2G/3G)
– USB Ports to plug in SATA drive and other peripherals

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Alibaba reported to pick up 25% stake in Micromax at Rs 30,000 crore valuation, chairman Sanjay Kapoor may exit

Chinese online giant, Alibaba, is reportedly looking at picking up a 25 percent stake in Micromax. The investment is likely to happen via its affiliate Ant Financial (erstwhile Alipay). Micromax was reportedly in talks with Alibaba and Japan’s Softbank. The report comes a day after Xiaomi announced Ratan Tata had invested an undisclosed sum in the Chinese smartphone company, which has turned into a major rival for Micromax, selling over a million smartphone units in less than five months of its entry in India.


The move would help Micromax’s existing investors – TA Associates, Sequoia Capital, Sandstone Partners and Madison India Capital HC – to unlock their investment in the company and could sell their entire stake. TA Associates had acquired a 15 percent stake in 2009 for Rs 100 crore, while Sequoia Capital, Sandstone Partners and Madison India Capital HC own 2.68 percent and around 0.4 percent stake respectively.

The reported investment by Alibaba could see Micromax valued between Rs 24,000 – Rs 30,000 crore. If this deal is successful, there will be a major rejig in the top management, and Economic Times reports that it may even lead to Chairman Sanjay Kapoor’s exit. Citing anonymous sources, the report states that the fundraising plan may be completed by June end.

The report also states that there are some internal differences between Kapoor and the promoters over the future business strategy. Reportedly Kapoor feels that online sales is the way forward, the promoters want to stick with traditional offline retail as it still brings 70 percent of revenue to the company. Rahul Sharma, Rajesh Agarwal, Sumeet Kumar and Vikas Jain are the four founders and they collectively own a little less than 80 percent of the company.
One of the sources told the publication that once the deal is done, for which the final call will be taken by the investment committee of Micromax, Kapoor may exit and new board members will be added. The investment committee comprises of promoters, top management and existing investors.
We contacted Micromax and the spokesperson of the company said:

As a company policy, we do not comment on any market speculation. Mr Sanjay Kapoor continues to be our chairman & an integral part of the company. Micromax board and management work under clear principles of consensus, and they are working cohesively (on all strategic & operational issues) with complete unanimity to build Micromax’s leadership in all our markets.

Tags: Alibaba, Alipay, Micromax, Micromax Fund Raising, Sanjay Kapoor

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Alibaba reported to pick up 25% stake in Micromax at Rs 30,000 crore valuation, chairman Sanjay Kapoor may exit

Chinese online giant, Alibaba, is reportedly looking at picking up a 25 percent stake in Micromax. The investment is likely to happen via its affiliate Ant Financial (erstwhile Alipay). Micromax was reportedly in talks with Alibaba and Japan’s Softbank. The report comes a day after Xiaomi announced Ratan Tata had invested an undisclosed sum in the Chinese smartphone company, which has turned into a major rival for Micromax, selling over a million smartphone units in less than five months of its entry in India.


The move would help Micromax’s existing investors – TA Associates, Sequoia Capital, Sandstone Partners and Madison India Capital HC – to unlock their investment in the company and could sell their entire stake. TA Associates had acquired a 15 percent stake in 2009 for Rs 100 crore, while Sequoia Capital, Sandstone Partners and Madison India Capital HC own 2.68 percent and around 0.4 percent stake respectively.

The reported investment by Alibaba could see Micromax valued between Rs 24,000 – Rs 30,000 crore. If this deal is successful, there will be a major rejig in the top management, and Economic Times reports that it may even lead to Chairman Sanjay Kapoor’s exit. Citing anonymous sources, the report states that the fundraising plan may be completed by June end.

The report also states that there are some internal differences between Kapoor and the promoters over the future business strategy. Reportedly Kapoor feels that online sales is the way forward, the promoters want to stick with traditional offline retail as it still brings 70 percent of revenue to the company. Rahul Sharma, Rajesh Agarwal, Sumeet Kumar and Vikas Jain are the four founders and they collectively own a little less than 80 percent of the company.
One of the sources told the publication that once the deal is done, for which the final call will be taken by the investment committee of Micromax, Kapoor may exit and new board members will be added. The investment committee comprises of promoters, top management and existing investors.
We contacted Micromax and the spokesperson of the company said:

As a company policy, we do not comment on any market speculation. Mr Sanjay Kapoor continues to be our chairman & an integral part of the company. Micromax board and management work under clear principles of consensus, and they are working cohesively (on all strategic & operational issues) with complete unanimity to build Micromax’s leadership in all our markets.

Tags: Alibaba, Alipay, Micromax, Micromax Fund Raising, Sanjay Kapoor

Read more ...