Lightstorm, a I Squared Capital Portfolio Company, has successfully secured Rs 7 billion in funding from NIIF Infrastructure Finance Limited (NIIF IFL). The funding will play a pivotal role in accelerating the Lightstorm’s efforts to empower enterprises with cutting-edge network infrastructure, enabling them to fast-track their digital transformation initiatives.
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. Further, 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.
Commenting on the announcement, Amajit Gupta, group chief executive officer and managing director, Lightstorm, said, “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. This partnership will fuel our growth plans, allowing us to tap into expansion, new opportunities and unlock our business potential. As artificial intelligence (AI) and data centre growth reshape India’s digital ecosystem, this funding will enable us to build the robust connectivity backbone required to support this transformation.”
