CloudExtel raises Rs 200 crore in debt to power AI-ready digital infrastructure, metro fiber expansion

CloudExtel, a homegrown full-stack Network-as-a-Service (NaaS) provider, today announced that it has raised Rs 200 crore in debt funding from a private sector bank.

Additionally, the company's existing shareholders have made a follow-on equity investment on a proportionate basis to support the company’ expansion plans.

CloudExtel delivers digital infrastructure solutions such as Small Cell Hosting, Fiber Connectivity, FTTH, and Shared RAN. It enables telecom operators, ISPs, data centers, and enterprises to meet surging data demand through shared, scalable, and future-ready networks.

Backed by marquee investors including Macquarie Capital and Advencap, the company has deployed 6,500+ small cells across 500 cities, laid 12,000+ km of fiber, and enabled FTTH access to over 1 million homes.

CloudExtel said the latest capital will power its upcoming Data Center Interconnect (DCI) network initiative, starting in Mumbai and expanding across major metro cities, including Bangalore, Hyderabad, Delhi, Pune, and others. The DCI will provide high-capacity, low-latency, redundant connectivity between data centers critical for supporting AI workloads, cloud computing, and digital content delivery, the release notes.

Kunal Bajaj, CEO and Co-founder of CloudExtel, said, “This fundraise marks a significant breakthrough in our journey to transform India’s connectivity ecosystem. The trust placed in us underscores our strong financial discipline and innovative business model. These funds will help us scale more rapidly, deepen our infrastructure presence, and continue driving impact through collaboration and technology-led efficiency.”

“Our upcoming Data Center Interconnect network in Mumbai, and subsequent rollout in other cities, will further strengthen our competitive positioning and ability to deliver integrated solutions for India’s digital future. DCI is powering the AI revolution, and this initiative is a step towards our aspiration to become one of the largest metro intra-city network providers in the country,” Bajaj added.