India: Bumper listing of E2E Networks may open up viable exit gate for VCs

Sanjay Nath and Karthik Reddy, founders of Blume Ventures. Photo: Abhijit Bhatlekar/Mint

The stellar listing of cloud computing infrastructure platform E2E Networks Ltd backed by early-stage venture capital (VC) firm Blume Ventures earlier this week could open up a significant opportunity for VC exits through this route, say experts.

The company’s SME initial public offering (IPO) closed on 7 May with a subscription of 70 times. On its listing on 15 May, E2E’s shares closed 56% above its issue price of Rs57.

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