NIIF Invests $200 Million in iBUS for Expansion of Digital Infrastructure

• ByStartupStory     |    April 11, 2024

The National Investment and Infrastructure Fund Ltd. (NIIF) has announced a significant investment of $200 million in iBUS Network and Infrastructure Pvt Ltd., a leading connectivity technology firm, aimed at bolstering India’s digital infrastructure.

In a statement released today, NIIF emphasized that the investment will fuel the expansion of iBUS operations through both organic growth avenues and strategic acquisitions.

” The funds will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives,” NIIF stated.

iBUS, renowned for its expertise in in-building solutions, outdoor small cells, and managed Wi-Fi services, is strategically positioning itself to capitalize on emerging sectors like IoT solutions.

Commenting on the investment, Ram Sellaratnam, Group CEO of iBUS, expressed enthusiasm about the partnership with NIIF, saying, “We were looking for the right investment partner and with NIIF we found partners who are completely aligned with our vision. iBUS can deliver at scale and we are here to transform connectivity in the country at scale, speed, and the right value.”

The infusion of capital will not only support iBUS’s current operations but also facilitate the development of new infrastructure solutions to meet evolving market demands and technological advancements.

According to NIIF, the investment positions them as the majority stakeholder in iBUS following the completion of the transaction, indicating a strong vote of confidence in the company’s growth potential.

Vinod Giri, Managing Partner – Master Fund, NIIF, highlighted the significance of the investment, stating, “Our investment in iBUS marks the eighth investment by our infrastructure fund and the second in digital infrastructure, underscoring our belief in the transformative power of digital technology for India’s economy.”

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