Digital network infrastructure solutions provider Lightstorm has raised Rs 700 crore from infrastructure debt fund NIIF Infrastructure Finance (NIIF IFL).
The proceeds from the fundraise will go towards strengthening the company’s connectivity offerings to enterprises and scaling up of its operations, including investing in building its fibre network in the country.
“We are thrilled to secure this funding from NIIF IFL, which validates our growth roadmap and reinforces the confidence that leading financial institutions have in Lightstorm’s vision,” Amajit Gupta, group chief executive officer and managing director, Lightstorm said.
Lightstorm started its India operations in 2020, and currently has laid out 30,000 kilometres of fibre network across India with a capacity of around 700 Tbps (terabit per second). Its fibre network is used to interconnect nearly 60 data centres across the country.
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With this investment, and further expansion of its fibre network, it will look to tap into the growing demand for data centre connectivity that has risen on the back of enterprises adopting artificial intelligence solutions.
“This partnership will fuel our growth plans, allowing us to tap into expansion, new opportunities and unlock our business potential. As AI and data centre growth reshape India’s digital ecosystem, this funding will enable us to build the robust connectivity backbone required to support this transformation,” he added.
Present in Indonesia and the Middle East apart from India, Lightstorm also has a subsea cable footprint measuring 21,000 kilometres connecting data centres in USA, Japan, and Australia.
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