Overview
- Nxtra, which Airtel disclosed Monday in a stock filing, secured $1 billion from Alpha Wave Global at $435 million, Carlyle at $240 million, and Anchorage at $35 million, with Airtel funding the remainder.
- The round values Nxtra at about $3.1 billion after closing and keeps Airtel in control, subject to Indian regulatory approvals and final closing adjustments.
- The company plans to expand from roughly 300 MW to 1 GW of capacity in the next few years, targeting about 25% market share and adding AI‑ready campuses in Pune, Chennai, Mumbai, and Kolkata.
- Nxtra operates 14 large data centers and more than 120 edge sites across India and uses artificial intelligence for predictive maintenance and to cut energy use.
- India’s data center growth is quickening as AI and cloud use rise and tax breaks attract investment, with Nxtra also partnering with Google on a gigawatt‑scale AI campus backed by $15 billion.