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CloudExtel raises Rs 200 crore in debt funding to expand network infrastructure

Apr 24, 2024about 1 year ago

Amount Raised

₹200 Million

Round Type

seed

MumbaiBiotechnologyManufacturing

Description

CloudExtel, a telecom infrastructure provider in India, has secured Rs 200 crore in its first external debt funding. The company plans to use the capital infusion to intensify its market presence in Fiber and Small Cells deployment, aiming to address the substantial growth in India's digital landscape.

Company Information

Company

CloudExtel

Location

Mumbai, Maharashtra, India

About

CloudExtel is India’s first full-stack Network as a Service (NaaS) provider, reinventing digital infrastructure connectivity with enhanced coverage, capacity & speed. It caters to telecom operators, internet service providers, data centers, enterprises, and large content providers to address the challenges emerging from the hypergrowth of data consumption in India.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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