e2E Rail Grabs $6 Million From Two PE Firms

cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Bangalore: e2E Rail, a rail service company, has raised $6 million investment from two PE firms VentureEast Proactive Fund and Zephyr Peacock. The two firms also plans to further infuse another $6 million in the subsequent years. AGacquisitions and Co. was the sole investment bankers to e2E Rail on this transaction. e2E plans to use the fund to ramp up its global presence, training facilities and working capital capacity.

e2E (Employee to Entrepreneur) is promoted by G. Sreenivasa Rao, the founder of McML Group, a Railway Company in India and abroad. Rao is a serial entrepreneur with more than 20 years of experience in the railways sector. He has also spent over 12 years in the Indian Railway Signal Engineering group. Rao is a graduate from Andhra University College of Engineering, Vishakhapatnam, and Post Graduated from IIT Varanasi. Prior to founding McML, he was the Joint Director/Research Design and Standards Organization/Indian Railways.

e2E was founded with a noble mission to transform competent employees into entrepreneurs and thus contribute to the overall socio-economic growth of India. It has completed projects including 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 U.K., and Mecca Metro in Saudi Arabia.

VentureEast is a venture style fund that manages over $300 under corpus. They make investments in technology, healthcare and life sciences, cleantech, besides other emerging sectors.

Zephr Peacock India seeks to make private equity investments targeting the fast growing small and middle market corporate segments in India. The investment team, based in Bangalore and New York, combines local and international private equity expertise and has many years of investment and operating experience. It takes minority positions by investing between $5 to $20 million in companies that have proven business models, strong financial performance and are led by strong management teams.

Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
Wiley, a global leader in research and education has announced a series of blended learning progr..
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..