Lightstorm, a portfolio company of I Squared Capital, has secured ₹700 crore in funding from NIIF Infrastructure Finance Limited (NIIF IFL) to accelerate its expansion in India. The investment underscores growing confidence in Lightstorm’s mission to develop cutting-edge connectivity solutions, strengthening India’s digital backbone as demand for high-speed, reliable network infrastructure rises.
Fueling India’s Digital Growth
This funding marks a major milestone for Lightstorm’s India operations, enabling the company to scale its fiber network and support enterprises in their digital transformation initiatives.
Amajit Gupta, Group CEO & MD of Lightstorm, emphasized the strategic importance of this investment.
“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 expansion plans and position us to support the growing AI and data center ecosystem in India.”
As enterprises increasingly rely on cloud computing, AI-driven applications, and data-intensive operations, robust connectivity infrastructure is becoming essential. The investment from NIIF IFL will empower Lightstorm to expand its network footprint, enhance operational capabilities, and drive technological innovation to meet enterprise needs.
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Expanding India’s Fiber Network
Since launching its India operations in 2020, Lightstorm has built a 30,000+ km fiber network with a capacity of 700 Tbps, serving over 100 customers across the country. The newly secured funding will allow the company to:
- Expand its fiber network footprint to meet increasing demand.
- Enhance network resilience and scalability to support AI, cloud computing, and emerging technologies.
- Drive innovation in connectivity solutions, enabling large enterprises to optimize digital operations.
A Strong Partnership for a Digitally Connected Future
With this strategic investment, NIIF IFL recognizes Lightstorm’s role in shaping India’s next-generation digital infrastructure. As connectivity needs grow, this partnership will serve as a foundation for a more connected and digitally empowered India.
