Lightstorm, a digital network infrastructure solutions provider, has raised Rs 700 crore from infrastructure debt fund NIIF Infrastructure Finance (NIIF IFL).
The fund raised will go toward expanding the company's operations, including investing in the nation's fiber network, and bolstering its connectivity offerings to businesses.
Amajit Gupta, Lightstorm's group CEO and managing director, stated, "We are delighted 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."
Since starting operations in 2020, Lightstorm has installed 30,000 kilometers of fiber network with a capacity of roughly 700 Tbps in India. Almost 60 data centers nationwide are connected by its fiber network.
With this investment and further expansion of its fibre network, it hopes to capitalize on the growing demand for data center connectivity, which has increased as businesses adopt artificial intelligence solutions.
"This partnership will fuel our expansion plans, allowing us to capitalize on new opportunities and maximize our business potential. As AI and data center growth reshape India's digital ecosystem, this funding will allow us to build the robust connectivity backbone required to support this transformation," he added.
Lightstorm is present in Indonesia and the Middle East, as well as India, and has a 21,000-kilometer subsea cable footprint connecting data centres in the United States, Japan, and Australia.
