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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The 15-year-old cloud services provider has raised a hefty sum, thanks to a timely shift to an AI-first approach. It’s now gearing up for opportunities beyond the private sector amid intensifying competition.
E2E Networks is on a roll. In the past four months, the Delhi-based cloud services provider has raised more money than it ever did in the 15 years of its existence.
Last week, infrastructure major Larsen & Toubro decided to acquire a 21% stake in E2E for Rs 1,407 crore. Earlier, in August, E2E had also secured Rs 420 crore through a preferential issue.
This latest shower of money is impressive, especially for a business that had raised less than Rs 25 crore in all of its lifetime and whose revenue was no more than Rs 95 crore in the …
The cloud provider had a blockbuster market debut on the back of a single AI deal. But the latest numbers are barely in line with the incredibly high valuation.
Big AI moves in the Middle East this week, Saudi Arabia-backed LIV Golf files for bankruptcy and other updates.
