Zerodha Co-founder Nikhil Kamath invests Rs 200 Cr in Ctrls’ Rs 250 Cr fund raise
CtrlS will utilise this funding to support its infrastructure expansion and capacity build-out
Zerodha Co-founder Nikhil Kamath has invested Rs 200 crore in CtrlS, the India-based hyperscale data centre operator, alongside a Rs 50 crore investment by entrepreneur Sreeram Reddy Vanga.
CtrlS will use this capital to support its infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India, particularly as AI, cloud, and digital workloads accelerate.
Founded in 2007 and headquartered in Hyderabad by Sridhar Pinnapureddy, CtrlS Datacenters operates 19 data centres across nine key markets in India with over 370 MW of capacity and 4.4 GW of projects at various stages of execution.
A statement noted that the investment highlights growing investor conviction in India’s AI, cloud, and digital infrastructure opportunity. It further added that the investment underscores CtrlS’s strategic position at the centre of India’s rapidly expanding digital infrastructure ecosystem.
“Every meaningful technology shift of the next decade, AI, cloud, and digital public infrastructure, runs on data centres. India is at an inflection point where the underlying infrastructure either keeps pace or becomes the bottleneck. CtrlS has spent years building the kind of depth that does not get assembled overnight. That is what made this an easy decision,” said Nikhil Kamath.
CtrlS provides its services to enterprises, cloud providers, financial institutions, and government organisations.
“India’s AI and cloud ambitions will require world-class digital infrastructure at scale. I am excited to be part of CtrlS’s next phase of growth and the broader digital infrastructure opportunity in India. Having known Sridhar for many years, I have tremendous respect for his vision, perseverance, and the institution he has built,” said Sreeram Reddy Vanga, investor and entrepreneur.
“What excites me about this partnership is the alignment in that long-term vision. It gives us the ability to think bigger, move faster, and continue building datacenter platforms that will support India’s next phase of growth,” said Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters.
The data centre market in India is projected to touch $13 billion in size by 2034 from the current level of over $6 billion. This has led to the entry of newer players like Reliance and Adani increasing the competitive intensity, though CtrlS has the experience of operating in this segment for nearly two decades.