AI Startup Funding
Lightstorm borrows Rs 2,500 crore to wire India's AI fibre corridor
By Arjun
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13 Aug 10:03 AM
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Via The Economic Times
Lightstorm secured a Rs 2,500 crore, 10-year fully underwritten debt facility from IndusInd Bank for AI-focused fibre among Indian data-centre hubs and onward to Singapore and Malaysia, The Economic Times reported. Proceeds back terrestrial corridors linking Mumbai, Chennai, and Hyderabad clusters plus the I-2SEA subsea system, where Lightstorm and Microsoft are co-owners. That matters as GPU campuses need low-jitter transport as much as chips. The caveat is that this is bank debt for connectivity, not equity into a model lab, so utilisation will decide whether the corridor becomes a true AI utility.
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