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Launch · Enterprise Software & IT

E2E Networks signs ₹1,000 crore deal for Nvidia Blackwell GPUs

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Date
Company
E2E Networks
What it does
Cloud computing and AI infrastructure
Kind
Launch
Amount
₹1,000 crore
Sector
Enterprise Software & IT

What they do

E2E Networks provides cloud computing and AI infrastructure services, including GPU-powered infrastructure

What happened

It signed a binding term sheet with a sovereign AI company for Nvidia Blackwell cloud GPUs and services worth ₹1,000 crore

Why it matters

The term sheet is valid until June 2029, and the board also approved raising up to ₹1,500 crore

The details

  • E2E Networks signed a binding term sheet with a sovereign AI company based in India.
  • The deal is for Nvidia Blackwell cloud GPUs and allied services.
  • The aggregate contract value is approximately ₹1,000 crore, exclusive of taxes.
  • The term sheet is valid until June 2029.
  • The board also approved raising up to ₹1,500 crore via QIP, rights issue, FPO or other routes on August 31.
  • The company's 17th Annual General Meeting is scheduled for September 28, 2026.

The bigger picture

  • E2E Networks was added to the MSCI Global Small Cap Index.
  • Nvidia announced a collaboration with E2E Networks to enhance AI computing in India.
  • The company secured a ₹177 crore order from the Government of India for GPU resources.
  • Larsen & Toubro acquired a 21% stake in E2E Networks for ₹1,407.02 crore.
  • Union Budget announced tax incentives for data centers, benefiting E2E Networks.

About the business

  • E2E Networks provides cloud computing and AI infrastructure services, including GPU-powered infrastructure and the TIR AI/ML platform.

The deal

Type
launch

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