E2E Networks Ltd. (NSE: E2E) has secured ₹420.51 crores through a preferential equity issue. It aims to strengthen E2E Networks’ AI/ML Cloud Platform to enhance services for enterprises, startups, and institutions across India.

The Board of Directors approved the issue of 24,81,592 equity shares at ₹1694.50 each, raising a total of ₹420.51 crores. Investors include members of the promoter group and public investors.

The AI-focused and MeitY-approved cloud platform plans to use the funds to accelerate its growth, investing significantly in cloud GPUs and GPU clusters critical for AI and machine learning.

Tarun Dua, Co-Founder and Managing Director said, “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.”

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The investment will also enhance the company’s TIR low-code AI development platform. InCred Capital exclusively advised this equity raise. As a MeitY-approved and NSE-listed AI cloud provider, E2E Networks serves nearly 3,000 customers and is recognised as one of India’s top cloud service providers.

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