India Sees Rs 3 Lakh Crore Data Centre Buildout
A funding report also points to a Rs 3 lakh crore buildout of data centres in India. GIVA raised $100M in a round led by Multiples and said the money will go to its leadership team, manufacturing and offline stores. The report gives few details on timing or who is investing in the new centres.
Quick glossaryGIVA, Multiples, Data centre
- GIVA
- GIVA is an Indian jewellery brand, best known for its silver and gold jewellery sold online and in stores.
- Multiples
- Multiples is an Indian investment firm that backs growing startups by putting money into them in return for ownership.
- Data centre
- A data centre is a large building full of computers that stores information and runs online services, including many AI tools.
Burning Potato score: 60%