Pi Datacenters get investment of Rs 154 crore from Epsilon Venture Partners in fresh funding

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Pi Datacenters get investment of Rs 154 crore from Epsilon Venture Partners in fresh fundingEpsilon Venture Partners and a major Australian private equity group led a Rs 154 crore funding around of Pi DATACENTERS India.

Pi is an enterprise class datacenter and cloud service provider, which is based in Amaravati, Andhra Pradesh.

Epsilon will be actively involved in assisting with the build and growth of Pi.

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Kalyan Muppaneni, Founder & CEO of Pi, said "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."

The round was led by Epsilon's General Partner based on the ground in India, Mahesh Vaidya, who will be joining the company's board.

Vaidya said, "The Datacenter and Cloud Infrastructure space in India is poised for robust growth over the next decade as evidenced by the trends observed in mature economies such as the US and Europe".

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(Image: Thinkstock)