Lightstorm will use the proceeds to strengthen its connectivity offerings to enterprises and scale up its operations, including investing in enterprise fibre connectivity in areas such as AI data centres, intercity digital highways and undersea cable landings.
Feb 19, 2025
Lightstorm Telecom Ventures, a digital network infrastructure solutions provider in India backed by New York-based private equity firm I Squared Capital, has raised INR 700 crore in debt from infrastructure debt fund NIIF Infrastructure Finance (NIIF IFL).
As per Lightstorm, proceeds from the fundraise will go towards strengthening its connectivity offerings to enterprises and scaling up of its operations, including investing in enterprise fibre connectivity in areas such as AI data centres, intercity digital highways and undersea cable landings.
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The cloud network infrastructure company started its operations in India in 2020 and currently has laid out 30,000 kilometres of fibre network across the country with a capacity of around 700 Tbps (terabit per second). Its fibre network interconnects nearly 60 data centres across the country.
The fundraise would help the company to unlock its potential and tap into new growth opportunities and expansion plans.
As per Lightstorm, with data centre growth and AI reshaping the digital ecosystem of India, Lightstorm would build a robust connectivity backbone required to support this transformation.
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Lightstorm boasts of a strong market footprint in Indonesia and the Middle East, apart from a subsea cable footprint measuring 21,000 kilometres connecting data centres in the US, Japan and Australia.
