NxtGen raises $13.5 Million from IFC, Axon Partners Group and Intel Capital
NxtGen Datacentre & Cloud Technologies, the IT infrastructure services company, headquartered in Bengaluru, has raised $13.5 million from International Finance Corporation (IFC), a member of the World Bank Group; international investment firm, Axon Partners Group; and Intel Corporation’s global investment organization, Intel Capital; as part of series B funding for expansion activities. The financing will be used to complete a high-density data centre facility in Bangalore and increase further investments into cloud infrastructure. NxtGen currently has two data centers in India – in Mumbai and Bengaluru – and has offices in four major metros – Bengaluru, Mumbai, Chennai and Delhi. It has 105 employees and 200+ channel partners taking its services to market. nxtgen logo NxtGen raises $13.5 Million from IFC, Axon Partners Group and Intel Capital“This second round of funding will enable us to further strengthen our growth plans in India and initiate our international strategy. ...