- E2E Networks raised INR 420.51 crores through a preferential issue of 24,81,592 equity shares at an issue price of INR 1694.50 per share.
- The investment will be used to expand E2E Networks' cloud infrastructure, focusing on next-generation cloud GPUs and GPU clusters to support AI and machine learning workloads.
E2E Networks, a prominent artificial intelligence (AI)-First and MeitY-empanelled Cloud Platform in India, has successfully closed a strategic investment round, securing INR 420.51 crores through a preferential issue of equity shares. The Board of Directors approved the issuance of up to 24,81,592 equity shares at an issue price of INR 1694.50 per share.
The newly raised capital will be allocated to expand E2E Networks' accelerated cloud infrastructure, with a focus on next-generation cloud GPUs and GPU clusters essential for AI and machine learning workloads. This expansion is aimed at supporting the growing needs of startups, enterprises, the public sector, and research institutions as they navigate the evolving landscape of generative AI and machine learning.
Additionally, the investment will enhance E2E Networks’ cloud platform, particularly by advancing TIR, a low-code AI development platform designed to streamline AI-driven innovation.
The funding round attracted a diverse group of investors, including key members of the promoter group and a broad spectrum of public investors. These funds are set to accelerate the growth of E2E Networks’ AI-First Cloud Platform, bolstering its capacity to support advanced machine learning and AI-driven applications.
Commenting on the successful investment round, Tarun Dua, co-founder and managing director of E2E Networks, said:
“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.”
Edited by Harshajit Sarmah
