Smart data management start-up i2e1 has raised $500,000 in its seed round from early stage investors GrowX Ventures and Singapore Angels, apart from a group of angel investors including former Infosys board member T.V. Mohandas Pai, the company said in a statement
The Delhi-based i2e1, a smart network player platform, aims to provide low-cost and free internet to consumers and actionable analytics to providers. The platform will use the funding for ramping up operations, analytic platform and the team. It sells its service to cafes, restaurants, saloons or budget hotel aggregators, including names like Zo Rooms.
An alumnus of IIT Delhi and Indian Institute of Management Bangalore, Satyam Darmora who is Co-Founder of i2e1 said, "Our aim is to provide information to everyone. 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 five to seven 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."