Moneycontrol
Dec 15, 2016 02:51 PM IST IST | Source: PTI

Epsilon Venture Partners leads Rs 154 cr funding of Pi

"Pi is headquartered at Amaravati, the capital of the newly re-organised state of Andhra Pradesh. Epsilon will be actively involved in assisting with the build and growth of Pi, having already introduced local blue-chip prospective clients", Pi said in a statement.


Epsilon Venture Partners along with a major Australian private equity group, has invested Rs 154 crore (USD 23 million) in Pi DATACENTERS (Pi), India, an enterprise class datacenter and cloud service provider.


"Pi is headquartered at Amaravati, the capital of the newly re-organised state of Andhra Pradesh. Epsilon will be actively involved in assisting with the build and growth of Pi, having already introduced local blue-chip prospective clients", Pi said in a statement.


Kalyan Muppaneni, Founder & CEO of Pi, said "Epsilon's technology investment experience across the globe is of significant strategic value that would pave the way for global partnerships in ensuring that Pi brings state-of-the-art cloud infrastructure capability to India. The funds raised would add to help us roll out our first few datacenters across India."

The round was led by Epsilon's General Partner based on the ground in India, Mahesh Vaidya, who will be joining the company's board.

Vaidya said, "The Datacenter and Cloud Infrastructure space in India is poised for robust growth over the next decade as evidenced by the trends observed in mature economies such as the US and Europe".

Sections
Follow us on
Available On