What is I2e1?
I2e1 is distinguished as India's first Public Wi-Fi (PM WANI) compliant Wi-Fi company, dedicated to bridging the digital divide through accessible and affordable internet solutions. With an expansive network of over 8,700 shared internet points, I2e1 has demonstrably impacted the lives of more than 3.3 million users, facilitating the consumption of over 5,000 TB of internet data. The company's operational footprint is expanding into major Indian cities, with a clear objective to enhance digital connectivity. Beyond its commercial endeavors, I2e1 actively contributes to social equity by providing free internet access to underprivileged communities, thereby fostering opportunities in online education 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 Omidyar Network, Auxano Ventures, and 3one4 Capital
Key Investors in I2e1
Omidyar Network
Omidyar Network is a philanthropy focused on shaping the digital revolution to promote shared power, prosperity, and possibility. They engage with a diverse network of visionaries and innovators to influence the critical areas of culture, governance, business, and technology. Their mission emphasizes the integration of humanity into the digital future, advocating for intentional choices regarding technology's impact on society.
Auxano Ventures
Auxano Ventures is an Investment Management company. It focuses on Real Estate Investments, Currency Exchange and Oil & Gas. It was established in 2009 and is headqaurtered in Houston, Texas.
3one4 Capital
3one4 Capital is a venture capital firm focused on supporting early-stage, mission-oriented companies in India that aim for inclusive value creation and sustainable growth. The firm employs a deep-involvement model to help founders navigate market leadership by leveraging consumer insights and growth opportunities.
What's next for I2e1?
The substantial enterprise-level funding and recent strategic investment signal a robust growth trajectory for I2e1. This capital infusion is expected to accelerate the company's expansion into key urban centers, further solidifying its market position. I2e1's commitment to digital inclusion, coupled with its proven ability to scale operations and impact user numbers, positions it favorably for future development. The company's strategic focus on affordable internet access aligns with national digital transformation initiatives, suggesting continued support and opportunities for further financing rounds to fuel its ambitious expansion plans and technological advancements.
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