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Zerodha co-founder Nikhil Kamath and entrepreneur Sreeram Reddy Vanga have invested a combined INR 250 crore in hyperscale data centre operator CtrlS Datacenters. Kamath has invested INR 200 crore, while Vanga has contributed INR 50 crore. Announced on Wednesday, 19 August, the capital will support CtrlS’s infrastructure expansion and capacity build-out across India as demand for AI, cloud computing and digital workloads increases. CtrlS operates 19 data centres across nine Indian markets with more than 370 MW of capacity and has another 4.4 GW of projects at various stages of execution.
Zerodha co-founder Nikhil Kamath and entrepreneur Sreeram Reddy Vanga have invested a combined INR 250 crore in hyperscale data centre operator CtrlS Datacenters, the company said on Wednesday, 19 August. Kamath has invested INR 200 crore, while Vanga has contributed INR 50 crore. The capital will be used to expand CtrlS’s data centre infrastructure and capacity across India amid rising demand from enterprises and hyperscalers.
The investment comes as artificial intelligence, cloud computing and other digital workloads increase demand for data centre capacity in India. CtrlS said the fresh capital would support infrastructure expansion and capacity build-out to meet requirements from enterprise customers and hyperscalers. The company operates facilities serving enterprises, cloud providers, financial institutions and government organisations.
Kamath’s investment is the larger component of the transaction, accounting for INR 200 crore of the total INR 250 crore. In comments accompanying the announcement, he said the infrastructure supporting AI, cloud services and digital public infrastructure would need to keep pace with technological development. He also pointed to CtrlS’s established data centre infrastructure as a factor behind his investment decision.
Vanga has invested INR 50 crore in the company. He said India’s ambitions in AI and cloud computing would require digital infrastructure to be developed at scale and that he was participating in CtrlS’s next phase of growth. Vanga has also had a longstanding association with CtrlS founder and chief executive Sridhar Pinnapureddy.
CtrlS, founded by Pinnapureddy, currently operates 19 data centres across nine key markets in India, with more than 370 MW of capacity. The company has another 4.4 GW of projects at various stages of execution, indicating a substantial pipeline of additional capacity as it expands its network.
Pinnapureddy said the new investors shared the company’s longer-term view of India’s digital infrastructure requirements. According to him, the additional capital would allow CtrlS to accelerate its expansion and continue developing data centre platforms to support growing digital requirements.
The investment follows a larger financing and expansion push by CtrlS. In July, the company entered into a strategic partnership with Canada Pension Plan Investment Board (CPP Investments), under which CPP Investments agreed to invest up to INR 7,000 crore to support CtrlS’s growth in India. The arrangement includes up to INR 3,000 crore for a joint venture to develop hyperscale data centre campuses, with CPP Investments holding 48% and CtrlS 52%.
CtrlS also secured INR 5,500 crore in debt financing in June to expand its AI-ready data centre infrastructure in Hyderabad. The latest investment from Kamath and Vanga therefore comes alongside multiple capital-raising initiatives as the company increases its planned capacity and develops infrastructure for AI, cloud and other digital workloads.
For India’s data centre sector, the investment adds to the flow of institutional and private capital towards infrastructure required to support increasing digital activity. CtrlS said its immediate focus would remain on expanding capacity and infrastructure to serve enterprise and hyperscaler demand across the country.
Source- PTI
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