CloudExtel raises Rs 200 crore in debt to scale AI-ready digital infrastructure, metro fibre network

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.

The debt will be used to fund CloudExtel’s upcoming