E2E Networks Secures INR 420.51 Crore Investment to Enhance AI Cloud Platform

E2E Networks Ltd., a premier AI-focused cloud platform in India, secured INR 420.51 crores through a preferential equity issue. This strategic capital aims to advance its AI/ML capabilities and support startups, enterprises, and institutions as they embrace AI-driven innovation.

E2E Networks Ltd. (NSE: E2E), a leading AI-First and MeitY-empanelled Cloud Platform in India, announced on August 21 the successful closure of a strategic investment round, securing INR 420.51 crores through a preferential issue of equity shares. This capital infusion highlights E2E Networks' focus on advancing India's AI/ML Cloud Platform to better serve enterprises, startups, and institutions nationwide.

The Board of Directors approved the preferential issue of up to 24,81,592 equity shares at an issue price of INR 1694.50 each, raising a total of INR 420.51 crores. Investors include key members of the promoter group and various public investors. The raised funds will be utilized to expedite the growth of E2E Networks' AI-First Cloud Platform, enhancing its capacity for advanced machine learning and AI applications. Tarun Dua, Co-Founder and Managing Director of E2E Networks, remarked, "This investment marks a crucial milestone in our journey to lead as India's AI-First Cloud Platform. It will help us improve our cloud infrastructure and continue offering exceptional value to our customers while supporting the next wave of AI-driven innovations in India. Our empanelment by the Ministry of Electronics and Information Technology (MeitY) affirms our dedication to providing secure and compliant cloud solutions for both the public and private sectors."

With this strategic fund, E2E Networks aims to further solidify its position as the preferred cloud platform in India's growing tech ecosystem. The company plans significant investments in boosting its cloud infrastructure, focusing on next-generation cloud GPUs and GPU clusters, crucial for AI and machine learning workloads. This will aid E2E Networks in supporting startups, enterprises, and research institutions. Additionally, the investment will bolster E2E Networks' cloud platform, particularly its TIR low-code AI development platform. Major contributors to this investment round include key promoter group members and public investors, reflecting their strong confidence in E2E Networks' strategic direction.

This equity capital raise was exclusively advised by InCred Capital. As an NSE-listed, MeitY-empanelled AI-focused cloud provider, E2E Networks offers advanced cloud GPUs and high-end configurations. The company, serving nearly 3000 customers, is recognized as one of India's top-rated cloud providers.

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(With inputs from agencies.)