NxtGen raises $13.5 million from IFC, Axon Partners Group and Intel Capital
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 centres 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.
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