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NIIF-backed iBUS raises Rs 280 Cr from International Finance Corporation

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Digital infrastructure company iBUS Network and Infrastructure has secured approximately Rs 280 crore ($34 million) from the International Finance Corporation (IFC) to support its international expansion plans. The company specializes in offering in-building telecom network solutions and Wi-Fi managed services. Along with the IFC, initial investors in iBUS include the National Investment and Infrastructure Fund (NIIF), Morgan Stanley, and High-Net-Worth Individuals (HNI). The funding will be equally allocated between organic and inorganic expansion efforts, according to Subash Vasudevan, Chief Business Officer of iBUS Network.