What is I2e1?
I2e1 is recognized as India's first Public Wi-Fi (PM WANI) compliant company, dedicated to bridging the digital divide through accessible and rapid internet services. With an established network of over 8,700 shared internet points and a user base impacting more than 3.3 million individuals, I2e1 is actively working towards expanding its footprint in metropolitan areas. The company's commitment extends to providing essential digital resources, including offering free internet services valued at INR 40,960,000 to underprivileged communities, thereby fostering access to educational content and entertainment.
How much funding has I2e1 raised?
I2e1 has raised a total of $3.5M across 2 funding rounds:
Angel/Seed
$500K
Series A
$3M
Angel/Seed (2015): $500K with participation from growX ventures
Series A (2017): $3M led by Auxano Ventures, Omidyar Network, and 3one4 Capital
Key Investors in I2e1
growX ventures
growX ventures is an early-stage venture capital firm that invests in technology-driven startups in India. They focus on identifying and nurturing innovative companies with the potential for significant growth and market disruption.
Omidyar Network
Omidyar Network is a global philanthropic investment firm that supports innovative organizations working to create a more equitable and inclusive world. They focus on areas such as digital identity, responsible technology, and economic opportunity.
3one4 Capital
3one4 Capital is a venture capital firm based in India that invests in early-stage technology companies. They are known for their deep involvement with founders and their focus on building sustainable, value-creating businesses.
What's next for I2e1?
Following its recent strategic investment, I2e1 is poised for significant expansion, aiming to broaden its reach within India's major urban centers. The company's focus on digital inclusion, coupled with its PM WANI compliance, positions it favorably to capitalize on the growing demand for affordable internet. Future initiatives will likely involve scaling its infrastructure, enhancing user experience, and potentially exploring new service offerings to further empower underserved populations with digital connectivity. The substantial backing indicates a strong confidence in I2e1's business model and its capacity to drive meaningful social impact through technology.
See full I2e1 company page
