Synopsis
Digital infrastructure supplier CloudExtel has secured Rs 200 crore in debt from a non-public sector bank, alongside practice-on equity from existing shareholders. The capital will basically fund a fresh Knowledge Centre Interconnect (DCI) community, starting in Mumbai and lengthening to other predominant cities.
ETtechDigital infrastructure supplier CloudExtel on Thursday acknowledged it has raised Rs 200 crore in debt from a leading deepest sector bank to slither up the pattern of AI-sharp digital infrastructure and lengthen its metro fibre community at some stage in India.
The Mumbai-headquartered company didn’t repeat the title of the lender.
The capital infusion is complemented by a proportional practice-on equity funding from CloudExtel’s existing shareholders to aid its growth plans, in step with a company assertion.
The debt will seemingly be primitive to fund CloudExtel’s upcoming Knowledge Centre Interconnect (DCI) community initiative, aimed at offering excessive-skill, low-latency, and redundant connectivity between files centres-serious infrastructure for AI workloads, cloud computing, and digital deliver delivery.
The community will debut in Mumbai, adopted by growth to predominant metro cities alongside side Bengaluru, Hyderabad, Delhi, and Pune.
“These funds will help us scale more rapidly, deepen our infrastructure presence, and continue driving impact through collaboration and technology-led efficiency. Our upcoming Data Center Interconnect network in Mumbai, and subsequent rollout in other cities, will further strengthen our competitive positioning and ability to deliver integrated solutions for India’s digital future,” CloudExtel Co-Founder and CEO Kunal Bajaj acknowledged.
CloudExtel is a fleshy-stack Community-as-a-Service (NaaS) supplier offering next-generation digital infrastructure solutions equivalent to small cell internet hosting, fibre connectivity, FTTH, and shared RAN companies and products.
Backed by investors esteem Macquarie Capital and Advencap, CloudExtel has deployed over 6,500 small cells at some stage in 500 cities, laid bigger than 12,000 km of fibre, and enabled Fibre-to-the-Dwelling (FTTH) connectivity for over one million homes.
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