Mumbai based CloudExtel has secured Rs 200 crore in debt funding from a major private sector bank to strengthen its digital infrastructure and scale its AI ready connectivity solutions, the company said on Wednesday. The company also confirmed that its existing shareholders have made proportionate follow on equity investments to support its expansion plans. This reflects continued confidence in CloudExtel’s execution and long term strategy.
The new capital will support the rollout of CloudExtel’s Data Center Interconnect network. The rollout will begin in Mumbai and will later expand to Bengaluru, Hyderabad, Delhi, Pune and other major cities. The network is designed to offer high capacity, low latency and redundant links between data centres. These links are essential for AI workloads, cloud operations and content delivery.
Chief executive officer and co founder Kunal Bajaj said, “With this fundraise, we mark a significant breakthrough in our journey to transform India’s connectivity ecosystem.” He added that the financing will help CloudExtel “scale more rapidly, deepen our infrastructure presence and deliver integrated solutions for India’s digital future.” The upcoming Mumbai Data Center Interconnect rollout is expected to strengthen the company’s competitive position.
CloudExtel said that combining telecom infrastructure with the fast growing data centre ecosystem places the company in a strong position to become one of India’s largest metro intra city network providers as the adoption of AI continues to grow across the country.
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