E2E Networks Ltd. (NSE: E2E), a leading AI-first and MeitY-approved cloud platform in India, has announced the successful completion of a strategic investment round, securing INR 420.51 crores through a preferential equity share issue.
This major capital infusion highlights E2E Networks’ dedication to advancing India’s AI/ML cloud platform and supporting enterprises, startups, and institutions nationwide.
The Board of Directors approved the issuance of up to 2,481,592 equity shares at an issue price of INR 1,694.50 per share, raising a total of INR 420,50,57,644 (INR 420.51 crores). This investment comes from a diverse group of investors, including prominent members of the promoter group and a broad spectrum of public investors.
The funds will be used to accelerate the growth of E2E Networks’ AI-first cloud platform, enhancing its ability to support sophisticated machine learning and AI-driven applications.
With this new capital, E2E Networks is set to strengthen its position as a leading cloud platform in India’s tech sector. The company will invest in expanding its cloud infrastructure, focusing on next-gen GPUs critical for AI and machine learning.
This will support the growth of startups, enterprises, and public institutions in the AI era. The investment also aims to enhance the TIR low-code AI development platform. The funding, coming from both the promoter group and public investors, reflects strong confidence in E2E Networks’ future. InCred Capital exclusively advised on this equity raise.