E2E Networks Secures INR 420.5 Cr; Zappfresh Acquires Bonsaro to Strengthen Market Position

E2E Networks Raises INR 420.5 Crore; Zappfresh Acquires Bonsaro

Two big moves have happened in India’s tech and e-commerce sectors. Cloud provider E2E Networks raised INR 420.5 crore (about $50 million), and online meat retailer Zappfresh bought Mumbai-based Bonsaro to grow in Western India.

E2E Networks Raises INR 420.5 Crore for AI Cloud Growth

E2E Networks, based in Delhi-NCR, raised INR 420.5 crore through a strategic investment by issuing over 24 lakh shares at INR 1694.50 each. The funds will boost E2E Networks' AI cloud platform, which supports machine learning and AI applications.

• About E2E Networks: Founded in 2009 by Tarun Dua, E2E is known for its SSD cloud platforms. The new funds will improve its cloud infrastructure, focusing on next-gen GPUs for AI workloads. Dua said, “This investment is a key milestone in our journey to becoming India’s leading AI-First Cloud Platform.”

Zappfresh Buys Bonsaro to Grow in Western India

Gurugram-based Zappfresh has acquired Bonsaro, an online meat delivery service from Mumbai. This deal strengthens Zappfresh’s presence in Western India, following its takeover of Dr. Meat in July 2023.

• About Bonsaro: Founded by Sachin Shetty and Vinay D’silva, Bonsaro offers seafood, red meat, and poultry. Zappfresh plans to fully integrate Bonsaro and expand into new areas like Navi Mumbai and Pune.
• Financial Outlook: Zappfresh earned INR 56 crore in revenue and INR 11 crore in profit for FY23. The company plans to go public with an IPO in FY25.

Market Impact

E2E Networks and Zappfresh are making strategic moves to lead in their industries. E2E is set to innovate in AI cloud services, while Zappfresh is expanding its reach in online meat delivery. Both companies are positioned to make a strong impact on India’s tech and consumer markets.