India, CtrlS Secures Rs. 2.5BN Funding for National Expansion

CtrlS Datacenters, Ltd., a Hyderabad India-based provider of datacenter platform, has raised Rs. 2.5bn from a consortium of Indian banks.
The company received funding from Allahabad Bank, Indian Overseas Bank, Oriental Bank of Commerce, Andhra Bank, Bank of Baroda, Corporation Bank, Dena Bank, Tamilnad Mercantile Bank and State Bank of Hyderabad.
The promoters previously raised Rs. 250 Crore of equity capital.
As stated by Mr. Prabhakar Reddy, CFO, CtrlS, the funds will be used to buils new state of the art Tier IV datacenters in Mumbai, Delhi and other major cities.

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