Company Name : i2e1
Funding Amount : $500,000
Investor(s) growX ventures . .
Funding Round : Seed round
i2e1 has raised a seeding funding of $500,000 from growX ventures. The seed round also saw participation from angel investors such as Mohandas Pai, Rajan Pandhare, Debasish Mitter, and Singapore Angels.
IIT-Delhi, where i2e1 was incubated, is also a shareholder in the company.
i2e1 provides a smart network layer platform and aims to provide low cost/ free internet to consumers and actionable analytics to providers.
i2e1’s model is aims to reduce the cost of network delivery through cloud-based, remotely manageable plug and play devices. i2e1 leverages advanced machine learning systems to create valuable insights and increase revenue and profitability for brands and merchants.
i2e1 is live across India with 100+ paying clients, including leading retail outlets, ISPs, and fast growing organizations in the hospitality industry like ZO rooms. Additionally, it has partnerships in place to help it scale up to 5,000+ locations next year.
Satyam Darmora, Co-founder, i2e1, said, “We believe information asymmetry causes inequality. At i2e1, we are challenging ourselves to create a model which will bridge the information gap for at least 500 million people over the next 5-7 years. Our aim is to build a connected ecosystem where information is available to everyone, at the right time and the right place, to enable better and faster decision-making. While there are many application-level platforms, network-level platforms are still unexplored despite having the potential to transform multiple business models. We want to use our skills to create the smartest network layer platform and thereby impact lives of Indian citizens across the length and breadth of the country.”