Digital infrastructure provider CloudExtel on Thursday announced that it has secured Rs 200 crore in debt from a leading private-sector bank, and this funding will accelerate the rollout of its AI-ready digital infrastructure while simultaneously expanding its metro fibre network across India.
However, the company did not reveal the lender’s identity.
Moreover, the capital raise includes a proportional follow-on equity infusion from CloudExtel’s existing shareholders, and this infusion will directly support its planned expansion initiatives, according to the company’s statement.
CloudExtel will deploy the debt to finance its upcoming Data Centre Interconnect (DCI) network initiative, which aims to deliver high-capacity, low-latency, and redundant connectivity between data centers—critical infrastructure for AI workloads, cloud computing, and digital content distribution.
Furthermore, the company will launch the network in Mumbai first, and it will later extend the rollout to major metro regions such as Bengaluru, Hyderabad, Delhi, and Pune.
Additionally, CloudExtel Co-Founder and CEO Kunal Bajaj stated, “These funds will help us scale more rapidly, deepen our infrastructure presence, and continue driving impact through collaboration and technology-led efficiency. Our upcoming Data Center Interconnect network in Mumbai, and subsequent rollout in other cities, will further strengthen our competitive positioning and ability to deliver integrated solutions for India’s digital future.”
CloudExtel positions itself as a full-stack Network-as-a-Service (NaaS) provider, and it offers next-generation digital infrastructure solutions, including small cell hosting, fibre connectivity, FTTH, and shared RAN services.
Besides this, the company—backed by Macquarie Capital and Advencap—has deployed more than 6,500 small cells across 500 cities, laid over 12,000 km of fibre, and enabled FTTH connectivity for more than one million homes.
