Funding
CloudExtel raises Rs 200 crore in debt to scale AI-ready digital infrastructure, metro fibre network
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Digital infrastructure provider CloudExtel on Thursday said it has raised Rs 200 crore in debt from a leading private sector bank to accelerate the development of AI-ready digital infrastructure and expand its metro fibre network across India.
The Mumbai-headquartered company did not disclose the name of the lender.
The capital infusion is complemented by a proportional follow-on equity investment from CloudExtel’s existing shareholders to support its expansion plans, according to a company statement.
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