Investments
11Portfolio Exits
3Partners & Customers
10About e&
e& is a telecommunications services provider operating in countries across Asia, the Middle East, and Africa. It was founded in 1976 and is based in Abu Dhabi, United Arab Emirates.
Latest e& News
Aug 7, 2023
SHARE Share story Mswipe will now offer uTap, its omnichannel payment solutions for merchants, in the UAE The companies will also offer services, such as cloud pay, table management, and customer management, to businesses to efficiently manage their operations Last year, Mswipe got an in-principle approval from the RBI for a payment aggregator licence Fintech startup Mswipe Technologies on Monday (August 7) said it has expanded its services to the UAE in partnership with Etisalat by e&. The startup has launched uTap, its omnichannel payment solutions for merchants, in the UAE. Mswipe, founded in 2011 by Manish Patel, provides latest generation POS terminals with integrated offline and online card payments, business management applications and automation tools through its uTao service to empower small and medium-sized businesses (SMBs). Commenting on the partnership, Mswipe CEO Ketan Patel said, “Through this strategic partnership, we are committed to leveraging our robust technology platform to serve diverse markets and offer a seamless payment ecosystem to our merchant partners.” “This partnership enables us to expand our reach and introduce our innovative product portfolio to new territories, further driving our growth,” he added. Recommended For You: 6th January, 2023 The companies will also offer a bunch of services, including cloud pay, table management, and customer management, to businesses to efficiently manage their operations. The clients will be able to access round-the-clock digital support and on-field assistance offered by Etisalat by e&. uTap offers payment acceptance solutions starting $13.61 per month. The latest development comes almost a year after Mswipe got approval from the Reserve Bank of India (RBI ) for a payment aggregator license. Back then, the startup said it would develop an in-house online payment gateway and offer full-stack payment solutions to offline and online merchants. Mswipe competes with the likes of Ezetap, Innoviti, among others. It looks like Mswipe is on a global expansion spree to leverage the market with $65 Bn cross-border payment market potential by 2030, as estimated by Inc42’s State Of The Indian Fintech Report Q2 2023 . The report estimates that the overall market size will grow to $2.1 Tn by 2030 growing at 18% CAGR from 2022.
e& Investments
11 Investments
e& has made 11 investments. Their latest investment was in Vodafone Group as part of their Corporate Minority - P2P - II on December 12, 2022.
e& Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/7/2022 | Corporate Minority - P2P - II | Vodafone Group | No | 2 | ||
10/13/2022 | Series B - II | VUZ | $20M | Yes | 5 | |
9/15/2022 | Pre-Seed | LabLabee | $1.4M | Yes | e&, Accel, Anne Tavares, Brighteye Ventures, Kima Ventures, Patrice Nivaggioli, Sebastien Pahl, Tambi Jalouqa, and Undisclosed Angel Investors | 4 |
5/15/2022 | Corporate Minority - P2P | |||||
4/30/2019 | PIPE |
Date | 12/7/2022 | 10/13/2022 | 9/15/2022 | 5/15/2022 | 4/30/2019 |
|---|---|---|---|---|---|
Round | Corporate Minority - P2P - II | Series B - II | Pre-Seed | Corporate Minority - P2P | PIPE |
Company | Vodafone Group | VUZ | LabLabee | ||
Amount | $20M | $1.4M | |||
New? | No | Yes | Yes | ||
Co-Investors | e&, Accel, Anne Tavares, Brighteye Ventures, Kima Ventures, Patrice Nivaggioli, Sebastien Pahl, Tambi Jalouqa, and Undisclosed Angel Investors | ||||
Sources | 2 | 5 | 4 |
e& Portfolio Exits
3 Portfolio Exits
e& has 3 portfolio exits. Their latest portfolio exit was Canar Telecommunications on May 03, 2016.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/3/2016 | Corporate Majority | 1 | |||
Date | 5/3/2016 | ||
|---|---|---|---|
Exit | Corporate Majority | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 1 |
e& Acquisitions
11 Acquisitions
e& acquired 11 companies. Their latest acquisition was Careem Technologies on April 10, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/10/2023 | Corporate Majority | 7 | ||||
2/15/2023 | Series B | $7M | Acquired | 4 | ||
3/17/2022 | Debt | $25M | Corporate Majority | 4 | ||
11/18/2021 | Seed / Angel | |||||
9/20/2019 |
Date | 4/10/2023 | 2/15/2023 | 3/17/2022 | 11/18/2021 | 9/20/2019 |
|---|---|---|---|---|---|
Investment Stage | Series B | Debt | Seed / Angel | ||
Companies | |||||
Valuation | |||||
Total Funding | $7M | $25M | |||
Note | Corporate Majority | Acquired | Corporate Majority | ||
Sources | 7 | 4 | 4 |
e& Partners & Customers
10 Partners and customers
e& has 10 strategic partners and customers. e& recently partnered with Deutsche Telekom, SK Telecom, and SingTel on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/28/2023 | Partner | Germany, South Korea, and Singapore | SK Telecom, Deutsche Telekom, e& and Singtel form Global Telco AI alliance Singtel Chief Executive Officer Yuen Kuan Moon said that this alliance will enable them and their ecosystem of partners to significantly expedite the development of new and innovative AI services that can bring tremendous benefits to both businesses and consumers . | 1 | |
7/4/2023 | Partner | United States | Etisalat Academy by e& partners with EarthLink to establish EarthLink Academy Etisalat Academy by e & partners with EarthLink to establish EarthLink | 1 | |
7/3/2023 | Partner | Indonesia | E& and Indosat enhance cooperation in international voice traffic between Indonesia, UAE and beyond Through this strategic partnership with e & , Indosat Ooredoo Hutchison is exploring ways to deliver a world class experience to its customers in Indonesia , UAE and beyond by empowering them to use quality IDD services . | 1 | |
7/3/2023 | Partner | ||||
6/5/2023 | Partner |
Date | 7/28/2023 | 7/4/2023 | 7/3/2023 | 7/3/2023 | 6/5/2023 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Germany, South Korea, and Singapore | United States | Indonesia | ||
News Snippet | SK Telecom, Deutsche Telekom, e& and Singtel form Global Telco AI alliance Singtel Chief Executive Officer Yuen Kuan Moon said that this alliance will enable them and their ecosystem of partners to significantly expedite the development of new and innovative AI services that can bring tremendous benefits to both businesses and consumers . | Etisalat Academy by e& partners with EarthLink to establish EarthLink Academy Etisalat Academy by e & partners with EarthLink to establish EarthLink | E& and Indosat enhance cooperation in international voice traffic between Indonesia, UAE and beyond Through this strategic partnership with e & , Indosat Ooredoo Hutchison is exploring ways to deliver a world class experience to its customers in Indonesia , UAE and beyond by empowering them to use quality IDD services . | ||
Sources | 1 | 1 | 1 |
e& Team
6 Team Members
e& has 6 team members, including current Chief Executive Officer, Khalifa Hassan Al Shamsi.
Name | Work History | Title | Status |
|---|---|---|---|
Khalifa Hassan Al Shamsi | Chief Executive Officer | Current | |
Name | Khalifa Hassan Al Shamsi | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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