E2E Networks Secures INR 420.51 Crores in Strategic Investment Round

E2E Networks Ltd. announced the successful closure of a strategic investment round, securing INR 420.51 crores. The funds will accelerate the growth of its AI-First Cloud Platform, enhancing machine learning capabilities. This investment, backed by prominent promoters and investors, marks a significant milestone in E2E Networks' journey to becoming India's leading AI cloud platform.

E2E Networks Ltd. (NSE: E2E), a leading AI-First Cloud Platform in India, has successfully closed a strategic investment round, raising 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 INR 1694.50 per share.

The capital infusion, from a diverse group of investors including key members of the promoter group and various public investors, will be used to accelerate the growth of E2E Networks' AI-First Cloud Platform. The funds are earmarked for enhancing the company's cloud infrastructure to support advanced machine learning and AI applications.

Tarun Dua, Co-Founder and Managing Director of E2E Networks, highlighted that this investment milestone would enable the company to deliver unparalleled value to customers. With plans to expand their cloud infrastructure focusing on next-gen cloud GPUs and GPU clusters, E2E Networks aims to support startups, enterprises, and public sector institutions in navigating the AI and machine learning era.

(With inputs from agencies.)