CtrlS DataCenters Nets ₹250 Cr From Zerodha’s Nikhil Kamath, Sreeram Reddy Vanga

CtrlS DataCentres, a Hyderabad-based data center network company, has secured a significant ₹250 Cr (approximately $26.1 Mn) in equity funding from Zerodha cofounder Nikhil Kamath and Sreeram Reddy Vanga, co-founder of Kofluence. As India's AI boom intensifies, the company plans to allocate the funds to expand its infrastructure and meet escalating demand for enterprise and hyperscaler services across the country.

Founded in 2007, CtrlS operates 19 data center campuses in nine key Indian hubs, including Mumbai, Hyderabad, Noida, and Bengaluru. The company is currently expanding its international footprint, with plans to set up a 150 MW hyperscale data center campus in Thailand's Chonburi Eastern Economic Corridor of Digital (EECd) and intends to expand into markets in the Middle East and Southeast Asia.

Currently, CtrlS boasts a total compute capacity of 370 MW, complemented by 4.4 GW of projects at various stages of development, including a 'green' data center in Hyderabad built in partnership with Flipkart in 2019. The surge in AI data centers has prompted CtrlS to aim for a 4 GW capacity by 2031, capitalizing on the country's AI-driven data center boom driven by AI demand, cloud expansion, and data localization requirements.

India's data center capacity is projected to surpass the 8 GW mark by 2030. Recently, global players like Meta, Amazon, and OpenAI have also made significant investments in India's data center sector, underscoring the country's growing importance in the global tech landscape.