Cloud and data centre networking solutions provider Lightstorm has successfully raised Rs 700 crore (approximately $80.5 million) in a fresh funding round led by NIIF Infrastructure Finance Limited (NIIF IFL). This latest investment comes as part of Lightstorm’s ongoing mission to enhance network infrastructure and empower enterprises in India to accelerate their digital transformation journeys.
The company, which was founded by Amajit Gupta and Ranjan Banerjee, has seen substantial growth since its inception in 2020. Known for its robust network solutions that offer secure, scalable connectivity, Lightstorm specializes in integrating cloud and data centre environments. This allows businesses to seamlessly optimize their operations, supporting the wider adoption of technology across the country.
Earlier, in June 2019, Lightstorm received a significant $300 million investment from New York-based I Squared Capital for its telecom infrastructure platform, Lightstorm Telecom Ventures, highlighting the strong backing from global investors. The latest funding round, however, will be primarily used to accelerate the company’s expansion plans across India.
With an extensive network already spanning over 30,000 km of fibre across India, Lightstorm’s current capacity stands at approximately 700 Tbps. The company serves over 100 customers, including several large enterprises. The fresh capital will be pivotal in extending its network footprint, as well as improving its operational capabilities to cater to the growing demand for secure and efficient digital infrastructure solutions.
As more businesses embark on their digital transformation journeys, Lightstorm is well-positioned to play a critical role in supporting enterprises by providing them with the network infrastructure needed to thrive in an increasingly connected world.
