E2E Networks announced the successful closure of a strategic investment round, securing Rs. 420.51 crores through a preferential issue of equity shares. The Board of Directors approved the preferential issue of up to 24,81,592 equity shares at an issue price of Rs. 1694.50 per share, raising an aggregate amount of Rs. 420.51 crores. This investment comes from a diverse group of investors, including key members of the promoter group and a wide array of public investors.
The funds will be used to advance E2E Networks’ AI-First Cloud Platform for better machine learning and AI capabilities. This significant capital infusion underscores E2E Networks commitment to advancing India’s AI/ML Cloud Platform, empowering enterprises, startups, and institutions across the nation.
Commenting on the successful investment round, Tarun Dua, Co-Founder and Managing Director of E2E Networks, stated, “The capital raised will enable us to enhance our cloud infrastructure, ensuring that we continue to deliver unparalleled value to our customers and support the next wave of AI-driven innovation in India. Our recent empanelment by the Ministry of Electronics and Information Technology (MeitY) further solidifies our commitment to providing secure and compliant cloud solutions tailored to the needs of both public and private.”
The company plans to invest in expanding its accelerated cloud infrastructure. This will enable E2E Networks to support the scaling needs of startups, enterprises, public sector and research institutions as they navigate the era of generative AI and machine learning. This investment will also further strengthen E2E Networks’ cloud platform, particularly through the enhancement of TIR, a cutting-edge low-code AI development platform.