Lightstorm, an I Squared Capital Portfolio Company, has secured INR. 700 crores (about $80 million) in funding from NIIF Infrastructure Finance Limited (NIIF IFL), a marquee financial institution dedicated to supporting transformative infrastructure projects in India.
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This financing marks a significant milestone in Lightstorm’s India growth journey, reflecting the growing trust in I Squared Capital and Lightstorm’s mission to deliver world-class connectivity infrastructure. The funding will play a pivotal role in accelerating the company’s efforts to empower enterprises with cutting-edge network infrastructure, enabling them to fast-track their digital transformation initiatives. This funding will significantly strengthen Lightstorm’s India business of connectivity, enabling the company to scale its operations and support the increasing demand for high-speed, reliable network solution.
“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,” said Amajit Gupta, Group CEO & MD, Lightstorm. “This partnership will fuel our growth plans, allowing us to tap into expansion, new opportunities and unlock our business potential. As AI and data center growth reshape India’s digital ecosystem, this funding will enable us to build the robust connectivity backbone required to support this transformation.”
Lightstorm started its India operations in year 2020, NIIF IFL’s investment is a testament to it’s success, having built a 30,000+ km fiber network across India with a capacity of around 700 Tbps. which currently serves around 100+ customers. The funds will be used to expand the network footprint, enhance operational capabilities, and drive innovations to meet the dynamic needs of large enterprises across the country.
As the company continues to grow and evolve, this partnership with NIIF IFL will serve as a cornerstone in its journey to create a more connected, digitally empowered India.
About Lightstorm
Lightstorm is a pioneer in providing cutting-edge digital network infrastructure solutions across the Asia-Pacific region. It cater to the dynamic needs of Hyperscalers, cloud-native companies, and large enterprises through our innovative network solutions. The company’s mission is to empower businesses with resilient, secure, and scalable connectivity, ensuring seamless integration and interoperability across various cloud and data centre environments.
