Swipe Technologies aims to reach $100 million in revenues over the next two years as it expands its product portfolio. Swipe Technologies is a Pune-based device vendor. 

Today, the Kalaari Capital-funded company launched its new handset 'Elite Plus' priced at Rs 6,999, had clocked close to $45 million in revenues last revenue.

Swipe Technologies founder and CEO Shripal Gandhi said, "We continuously seek feedback from the mobile phone users on their desired features and incorporate them in our new offerings. This has helped us become a popular brand among the youth. In the next two years, we are looking at revenues of $100 million". 

"Online sales account for over 50% of its volumes. Swipe has previously launched three devices under 'Elite', its online-only brand", he added.

As per Gandhi, in the upcoming 4 months, company is likely to sell about 2 lakh units of 4G-enabled Elite Plus. 

In terms of feature, Elite Plus includes 5-inch display, Qualcomm Snapdragon octacore processor, 2GB RAM, 16GB internal memory (expandable upto 64GB), 13 MP rear and 8MP front camera and 3,050 mAh battery.