Wednesday, December 9, 2015

@TVMohandasPai invests in i2e1, growX ventures invests $500,000

growX ventures led a USD$500,000 seed round for i2e1, a smart network layer platform, which aims to provide low cost/ free internet to consumers and actionable analytics to providers. Apart from growX, the seed round also saw participation from renowned 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.

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.”