Zerodha's Nikhil Kamath, Sreeram Vanga put ₹250 crore into CtrlS Datacenters
What's the deal? Zerodha co-founder Nikhil KamathDealroom has a profile for this one. Try Dealroom → and entrepreneur Sreeram Reddy VangaDealroom has a profile for this one. Try Dealroom → have jointly invested ₹250 crore (about $26 million) in CtrlS DatacentersDealroom has a profile for this one. Try Dealroom →, an Indian hyperscale data centre operator. Kamath put in ₹200 crore, while Vanga contributed ₹50 crore.
What's the endgame? The capital will fund infrastructure expansion and capacity build-out to meet rising enterprise and hyperscaler demand across India. CtrlS runs 19 data centres across nine markets, with over 370MW of capacity and 4.4GW of projects at various stages.
Why now? The company is scaling as AI, cloud, and digital workloads accelerate. "India is at an inflection point where the underlying infrastructure either keeps pace or becomes the bottleneck," Kamath said.
By the numbers: At roughly $26 million, the round sits in the bottom fifth of comparable growth deals by size — modest in dollar terms, but the founders frame it as a conviction bet. "India's AI and cloud ambitions will require world-class digital infrastructure at scale," Vanga said.
The deal follows a larger commitment from Canada Pension Plan Investment Board (CPP Investments). In July 2026, CPP Investments agreed to invest up to ₹7,000 crore (C$1 billion) in CtrlS, including ₹4,000 crore for an 8.2% stake and ₹3,000 crore towards a hyperscale data centre joint venture in which it will hold 48%.
The signal: Two high-profile domestic backers stepping in alongside a global pension fund points to deepening investor conviction in India's digital infrastructure. As compute demand climbs, capital is flowing towards the operators building the country's next layer of physical capacity.
Read more: Economic Times
Image credit: U.S. Army Combat Capabilities Development Command
