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VenturEast, Zephyr invest $6 mn in e2E Rail

BS Reporter  |  Chennai 

e2E Rail, a rail services company focusing primarily on signalling, track and electrification sectors in India and overseas markets, has closed a transaction for a Rs 30-crore investment from and

The two funds also have plans to make an incremental investment of Rs 30 crore in e3E 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. e2E has 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 Ganapa Sreenivasa Rao, managing director of e2E.

e2E is a company that has made inroads internationally and can leverage global markets and be ready to service India’s needs, said Sarath Naru, managing partner, VenturEast.

“e2E has the potential to emerge as one of the leading 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 organisation development,” said Mukul Gulati, managing director, India.

First Published: Sat, March 31 2012. 00:44 IST