Lightstrom raises over $80 Mn led by NIIF IFL

Cloud and data centre networking solutions provider Lightstorm has raised Rs 700 crore (around $80.5 million) in funding led by NIIF Infrastructure Finance Limited (NIIF IFL). 

Earlier in June 2019, New York-based I Squared Capital invested around $300 million in Lightstorm Telecom Ventures, its telecom infrastructure platform in India.

The proceeds will be used to provide enterprises with network infrastructure and fuel their digital transformation initiatives.

Founded by Amajit Gupta and Ranjan Banerjee, Lightstorm focuses on delivering network solutions that offer secure, and scalable connectivity, enabling integration across cloud and data center environments.

Since its inception in 2020, the company claims to have built over 30,000 km of fibre network across India and a capacity of around 700 Tbps, currently serving over 100 customers.

Lightstrom will also use the funds to expand its network footprint and improve operational capabilities to meet the needs of large enterprises across the country.