10 December, 2015, New Delhi: Smart Net Layer Platform’s i2e1 a Delhi based company has managed to sneak a funding of US $500K from GrowX Ventures. The company deals in providing low cost internet to the users and actionable analytics to providers. With IIT Delhi as one the shareholders of the company, I2e1 will be utalising the funds for the company’s further developments.
The funding round was also witnessed by angel investors such as Mohandas Pai, Sameer Mahandru, Rajan Pandhare, Debasish Mitter and Singapore Angels. Sheetal Bahl, MD & CEO, GrowX Ventures will be strengthening I2e1 team by joining its board. Sharing her thoughts on the new job, “i2e1 is led by a very strong team with a grand and audacious vision – to do to the network layer what companies like Facebook have done to the application layer – free it up, in exchange for data allowing for a more meaningful connect between merchants/ brands and their consumers.”
Commenting on the development, Satyam Darmora, Co-Founder I2e1, said, ““At i2e1, we are challenging ourselves to create a model which will bridge the information gap for at least 500 Mn 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.”