e2E RAIL raises $12 Million from VenturEast and Zephyr Peacock
e2E RAIL, a rail services company focusing primarily on signalling, track and electrification sectors in India and overseas markets announced that it has closed a transaction for a Rs. 300 Million ($6 Million) investment from VenturEast Proactive Fund and Zephyr Peacock. The two funds have also planned to invest an incremental Rs. 300 Million in subsequent years. The investment will help e2E in generating strong growth by ramping up its global presence, training facilities and working capital capacity.
“The global railway market represents a $600 Billion opportunity over the decade. We, at e2E, have built a knowledge platform and a talent pool which will allow us to deliver on the most knowledge intensive and critical segments within this opportunity. Our partnership with VenturEast and Zephyr will allow us to match our human capital and sector expertise with financial capital and management expertise to create a business that is capable of supporting the vision and opportunity that we articulated for ourselves,” said Mr. Ganapa Sreenivasa Rao, Managing Director, e2E RAIL.
“The recent excitement around the Indian Railway budget could hardly have been ignored. The central theme of this was the ability to raise funds for the ‘safety and the efficiency’ of the Indian Railways by investing in ‘signalling and electrification’. It might appear we are contrarian to back such a company now, given the deficit budget. But the need in India is critical, and so is the need for such services globally.
e2E is a company that has made great in-roads internationally, and can leverage global markets and be ready to service India’s needs”, said Sarath Naru, Managing Partner, VenturEast.
“We are excited about our partnership with e2E. The Company has the potential to emerge as one of the leading companies in the railway engineering sector. We plan to assist the Company in its growth plans by providing it access to our global network of relationships and providing guidance on its long term strategy and organization development,” said Mr. Mukul Gulati, Managing Director, Zephyr Peacock India.
e2E RAIL’s completed projects include work done for Indian Railways; London Metro, Delhi Airport Metro Express Link; Port Hedland project in Western Australia; Malaysia Railways; London Under Ground in the UK; and Mecca Metro in Saudi Arabia. e2E has also worked with most of the leading global signalling OEM companies both in India and overseas markets