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Business EconomyPosted at: Apr 10 2024 5:00PM


NIIF invests $200 million in digital infra solutions provider iBUS

New Delhi, April 10 (UNI) Digital infrastructure solutions provider IBUS Network and Infrastructure Pvt Ltd (iBUS) on Wednesday said that it has raised US$200 million from National Investment and Infrastructure Fund (NIIF) to support its growth.
The funds raised will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives.
"iBUS aims to strengthen its position as a leader in In-building solutions, outdoor small cells and managed WiFi services while expanding its presence in new emerging sectors (such as IoT solutions). Additionally, investments will be directed towards developing new infrastructure solutions to address evolving market demands and technological advancements," the company said in a media release.
Following the completion of the transaction, NIIF will hold a significant majority stake in iBUS.
"We are excited to partner with iBUS, whose commitment to innovating and expanding digital infrastructure aligns with our objective of supporting India's digital transformation," said Vinod Giri, Managing Partner – Master Fund at NIIF.
Ram Sellaratnam, Group CEO at iBUS added, "Digital infrastructure is critical to our country’s growth and with a 60% YoY growth, iBus is geared up to participate and contribute to the Bharat story. We were looking for the right investment partner and with NIIF we found partners who are completely aligned with our vision. iBUS can deliver at scale and we are here to transform connectivity in the country at scale, speed, and the right value.”
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