Lightstorm, a cloud and data center networking solutions firm, has raised ₹700 crore (approximately $80 million) of funding from NIIF Infrastructure Finance Limited (NIIF IFL). The substantial investment will strengthen the network infrastructure of the firm and drive its digital transformation efforts in India.
Established by Amajit Gupta and Ranjan Banerjee, Lightstorm is seeking to grow its portfolio of connectivity solutions to corporates as it has so far developed over 30,000 km of fibre infrastructure since it started operations in 2020. The funding will assist the company in scaling up its operational bandwidth to cater to the increased demand for high-speed and reliable network solutions.
Gupta was delighted with the partnership with NIIF IFL, saying that it aligns with their expansion strategy and offers new opportunities for growth in India's evolving digital landscape.
Source: YourStory