The board of E2E Networks has approved a fundraise of up to ₹1,500 crore through a qualified institutional placement (QIP), rights issue, follow-on public offer (FPO), or other routes, the company disclosed.

The fundraising approval comes as the cloud and AI infrastructure provider reported a sharp turnaround in its June-quarter earnings. For a company whose business centres on GPU-based cloud infrastructure, fresh capital is typically directed toward expanding compute capacity, as AI infrastructure buildouts require significant upfront capital expenditure on high-end hardware and data centre capacity.

E2E Networks is an Indian cloud infrastructure company listed on the National Stock Exchange (NSE) that provides cloud computing services, including GPU-based infrastructure used for artificial intelligence and machine learning workloads. The company competes in a segment where global providers such as AWS, Microsoft Azure, and Google Cloud dominate the broader Indian cloud market, while specialised GPU cloud offerings have gained attention amid rising demand for AI training and inference compute. A QIP allows listed Indian companies to raise capital by issuing shares to qualified institutional buyers without undergoing a lengthy public offering process, while a rights issue offers new shares to existing shareholders and an FPO is an additional share sale by an already listed company. Whichever route is chosen, the fundraise would result in the issuance of new equity, with pricing and dilution details to be disclosed as the process advances.

Source: CNCTV-TV18