We bring you a snippet from E2E co-founders Tarun and Srishti's conversation with Karthik on the 4th season of the Blume Podcast, where they share the behind-the-scenes story and learnings from their remarkable IPO journey.
Here’s a teaser.
After failing to raise a Series A despite doubling revenue year-on-year, they took an unconventional path in 2018 - an SME IPO that was oversubscribed 70x. The ₹57 stock hit ₹85 on day one.
But here's the twist: For five years, the stock barely moved. Then came the explosion - from ₹22 Cr market cap at listing to over ₹9,000 Cr at its peak.
What changed? A contrarian bet made in 2018-19 that nobody understood at the time. Multiple employees became crorepatis. And even we - the only institutional investor until the IPO - have a confession to make about missed opportunities.
Watch the full video to discover:
- Why Tarun almost gave up on going public
- The strategic decision that positioned E2E as "India's power grid for AI"
- How they stayed frugal even with money in the bank
- The inside story of India's most dramatic SME-to-mainboard journey