Lightstorm raises Rs 700 cr to expand fibre connectivity

Lightstorm Telecom Connectivity raised ₹700 crore from NIIF to invest in enterprise fibre connectivity for AI data centres and digital highways. The I Squared Capital-backed company has already invested over $100 million in a 30,000 km fibre network. They aim to compete with Bharti Airtel and Reliance Jio by enhancing fibre infrastructure and exploring hyper growth options.