NxtGen raises $13.5 Million from IFC, Axon Partners Group and Intel Capital

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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.
“This second round of funding will enable us to further strengthen our growth plans in India and initiate our international strategy. We are thankful to Intel for reinforcing their commitment in us and participating in the second round. Both IFC and Axon, bring in a wealth of global market experience to guide us in this rapid growth phase. We look forward to delivering increased value proposition to our customers globally,” said A. S. Rajgopal, CEO, NxtGen… See more

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