This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
What's the story
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments). The investment values CtrlS at ₹44,914 crore (approximately $4.75 billion) pre-money. CPP Investments will acquire an 8.2% stake in CtrlS for ₹4,000 crore and invest an additional ₹3,000 crore to establish a joint venture with the company.
Strategic partnership
JV to develop hyperscale data center campuses
The joint venture between CPP Investments and CtrlS will see the development of hyperscale data center campuses across India. Under this deal, CPP Investments will hold a 48% stake in the new entity while CtrlS will hold the remaining 52%. This partnership is viewed as a strategic move to accelerate the development of next-generation data center infrastructure in response to rising demand from hyperscalers, cloud services, and AI applications.
Leadership response
CEO highlights importance of partnership
Sridhar Pinnapureddy, Founder and CEO of CtrlS, said the partnership with CPP Investments will help fund growth in India's fast-growing digital infrastructure sector. He emphasized that "the demand signals from hyperscalers, cloud service providers and enterprises are clear and unmistakable." "With CPP Investments, we are not merely expanding capacity but also establishing the benchmark for AI-ready infrastructure in one of the world's most significant digital markets," he added.
Expansion details
Growth trajectory in India
Founded in 2007, CtrlS Datacenters operates 19 data centers across nine key markets in India. The company has over 370MW of capacity and 4.4GW of projects at various stages of execution. With this new investment from CPP Investments, CtrlS is set to further expand its operations and enhance the digital infrastructure landscape in India.