iBUS secures $200 million investment from NIIF to support expansion of digital infrastructure in India

New Delhi, April 10 (IANS) Digital infrastructure solutions company iBUS has secured a significant investment of $200 million from the National Investment and Infrastructure Fund Limited (NIIF) to boost India’s digital infrastructure. The company plans to utilize the funds for expanding its operations and exploring growth opportunities both organically and inorganically.

In a statement, Ram Sellaratnam, Group CEO at iBUS, expressed the importance of digital infrastructure for the country’s progress, highlighting the company’s 60% year-over-year growth. He stated, “We were looking for the right investment partner and with NIIF we found partners who are completely aligned with our vision.”

The investment from NIIF will enable iBUS to focus on developing innovative infrastructure solutions to meet the changing market demands and advancements in technology. Vinod Giri, Managing Partner – Master Fund at NIIF, emphasized the significance of digital technology in India’s economy, with this being the second investment in digital infrastructure by the infrastructure fund.

Notably, this investment by NIIF in iBUS aligns with the government’s Digital India Mission, which aims to lead the country towards becoming a digitally-empowered society and a global knowledge economy. This strategic collaboration highlights the growing importance of digital infrastructure in shaping India’s future and supporting its economic development efforts.