NxtGen intends to infuse Rs 1,300 cr in data centresNxtGen Datacenter and Cloud Technologies is gearing up to invest Rs 1,300 crore to set up around 10 more data centers and 236 edge centers across the country.

The company, whose investors include Intel, IFC, and Iron Mountain, is in the process of raising USD 100 million by the Q1/2022-23. The Cloud storage and computing segment player operates four data centers in Mumbai, Delhi, Ahme­dabad, and Bengaluru and is planning to set up centres in Chennai, Hyder­abad, and Visakhapatnam.

To fund these expansion plans, the company is in talks with investors to raise around USD 100 million.

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