Pi DataCenters raises $23 Million

Pi DataCenters has raise Rs. 154 crores ($23 million) from Epsilon Venture Partners, the pan-Asian technology focused fund manager (Epsilon) along with a major Australian private equity group. Headquartered at Amaravati, the capital of the newly reorganized state of Andhra Pradesh, Epsilon will be actively involved in assisting with the build and growth of Pi, having already introduced local blue-chip prospective clients.

Commenting on the development, Kalyan Muppaneni, Founder & CEO of Pi, said “We are excited to be associated with Epsilon and their co-investor in the current round. India is poised for an explosion in digital data with the numerous technology initiatives adopted by the government of India and the various state governments. Data is integral to a nation’s security and data centers are the key building blocks for a nation’s infrastructure. Epsilon’s technology investment experience across the globe is of significant strategic value that would pave the way for global partnerships in ensuring that Pi brings state-of-the-art cloud infrastructure capability to India. The funds raised would add to help us roll out our first few datacenters across India. As more users go digital in India, lower latency is paramount for better user experience, which is possible only if the digital infrastructure is located within the country.”

Sudheer Kuppam, Managing Partner of Epsilon and former head of Intel Capital Asia, added “We are delighted to add Pi DATACENTERS to our portfolio of Asian technology company investments. We feel very well placed to have a successful partnership with Pi, and have a fantastic like-minded investment partner in the Australian co-investor. This sizeable deployment of capital in such a quality company and team helps further demonstrate our sourcing and execution capability, and our ability in making decisions based on potential financial returns, as an independent fund manager.”