Lightstorm, a provider of cloud and data center networking solutions, has raised Rs. 700 crore, or approximately $80.5 million, in finance under the direction of NIIF Infrastructure Finance Limited (NIIF IFL).

Lightstorm Telecom Ventures, its telecom infrastructure platform in India, received an investment of around $300 million earlier in June 2019 from New York-based I Squared Capital.

The money raised will be utilized to support businesses' digital transformation projects and supply network infrastructure.

Lightstorm, which was founded by Amajit Gupta and Ranjan Banerjee, specializes in providing network solutions that provide scalable and secure connectivity, allowing for integration across data center and cloud settings.

With a capacity of around 700 Tbps, the firm claims to have constructed more than 30,000 km of fiber network throughout India since its founding in 2020, and it presently serves more than 100 customers.

In order to better serve the demands of big businesses nationwide, Lightstrom will also utilize the money to increase its network footprint and enhance its operational capabilities.

Amajit Gupta, Group CEO and Managing Director, Lightstorm says, “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”.

Further he adds, “This partnership will fuel our growth plans, allowing us to tap into expansion, new opportunities and unlock our business potential. As 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”.