๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
NIIF-backed iBUS raises Rs 280 Cr from International Finance Corporation
YourStory
ยท
10m ago
Medial
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.
View Source
Related News
NIIF-controlled iBus gets new backer on board as another PE investor checks out
VCCircle
ยท
10m ago
Medial
Digital infrastructure provider iBus Network and Infrastructure Pvt Ltd has secured International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, as a new investor. The IFC has invested Rs 280 crore ($34 million) to acquire a minority stake in iBus, offering an exit opportunity for current investors. This funding will help iBus expand its operations and strengthen its position in the digital infrastructure market.
View Source
NIIF opens a $200 million wallet for this digital infra firm
Livemint
ยท
1y ago
Medial
The Indian government-backed National Investment and Infrastructure Fund (NIIF) plans to invest $200 million in iBus Network and Infrastructure, a digital infrastructure company. The investment will give NIIF a controlling stake in iBus, which will use the funds to finance its expansion. The company builds digital infrastructure such as Wi-Fi connectivity within buildings and is exploring projects related to 5G, the internet of things, and Wi-Fi. NIIF's Master Fund, which focuses on infrastructure projects, closed at $2.34 billion in 2020. iBus Network is backed by Morgan Stanley Infrastructure Partners.
View Source
CloudExtel raises external debt of Rs 200 Cr
YourStory
ยท
1y ago
Medial
Mumbai-based Network-as-a-Service provider CloudExtel has received Rs 150 crore in external debt from NIIF Infrastructure Finance Limited, and an additional Rs 50 crore from Aditya Birla Finance Limited to grow its market presence in fiber and small cells deployment. The company has also received first-time credit rating of 'A-' from CARE Ratings Limited.
View Source
Multiples PE-backed Vastu Housing raises fresh capital from foreign investor
VCCircle
ยท
1y ago
Medial
Multiples Private Equity-backed mortgage lender, Vastu Housing Finance Corporation, has secured funding from an international development finance body to cater to the housing credit needs of low-income groups and women. The Mumbai-based firm aims to address the demand for housing finance that specifically targets women. Vastu Housing Finance Corporation focuses on providing mortgages for affordable homes.
View Source
NIIF Infuses $200 Mn In Digital Infra Solutions Company iBUS
Inc42
ยท
1y ago
Medial
Indian digital infrastructure solutions company, iBUS, has raised $200 million in strategic funding from the National Investment and Infrastructure Fund (NIIF). The funding will be used to fuel organic and inorganic growth initiatives, as well as to build new infrastructure solutions to meet market demands and expand into emerging technologies. iBUS, founded in 2013, builds digital infrastructure solutions and provides cellular and Wi-Fi connectivity for IT parks, airports, hospitals, and more. NIIF will hold a significant majority stake in iBUS following the completion of the deal.
View Source
IFC eyes $35-mn stake in telecom infra firm iBus
The Arc Web
ยท
1y ago
Medial
The International Finance Corporation (IFC), the investment arm of the World Bank, is planning to invest $35 million in iBus Networks and Infrastructure. iBus provides internet connectivity services to corporate parks, hotels, and malls. This potential investment follows the majority stake acquisition of almost 60% by the National Investment and Infrastructure Fund earlier this year. iBus counts backers such as Morgan Stanley Infrastructure Fund, Ranjan Pai's family office, and Vallabh Bhanshali's family office. The company has seen growth in its revenue, but also reported a loss in FY23.
View Source
Warburg, True North-backed Home First Finance raises $146 mn
VCCircle
ยท
3m ago
Medial
Home First Finance, backed by Warburg Pincus and True North, raised Rs 1,250 crore ($146 million) through an equity shares qualified institutional placement. Issuing 13 million shares, this marks its first equity fundraising since its 2021 IPO. The renowned foreign and domestic investors participating included International Finance Corporation and HDFC Asset Management Company. CEO Manoj Viswanathan stated this capital will bolster Home Firstโs capital base, enhancing expansion and customer engagement in affordable housing finance.
View Source
NIIF To Pick Up Majority Stake In iBus For $200 Mn
Inc42
ยท
1y ago
Medial
India's National Investment and Infrastructure Fund Limited (NIIF) has agreed to acquire a majority stake in iBus, a connectivity solutions provider, for $200 million. This investment from NIIF is set to be iBus's largest fundraising to date, enabling the company to expand its digital infrastructure solutions, including for 5G, IoT, and Wi-Fi connectivity within buildings. The funding comes from NIIF's Master Fund, which focuses on infrastructure projects. iBus has previously received investments from Morgan Stanley Infrastructure Partners, Nomura Holdings, and other investors. The 5G infrastructure market is estimated to reach $47.78 billion by 2027.
View Source
iBus eyes three acquisitions by September with $200 mn funding from NIIF
Livemint
ยท
1y ago
Medial
Digital infrastructure services provider iBus Network and Infrastructure Pvt Ltd plans to complete three acquisitions by September. The company recently received a $200 million investment from the National Investment and Infrastructure Fund (NIIF), which now holds a controlling stake. iBus Network aims to allocate about half of the investment towards acquisitions in its core sectors such as in-building solutions, outdoor small cells, and managed Wi-Fi services. The company, backed by Morgan Stanley Infrastructure Partners, has been acquiring companies in the passive telecom infrastructure sector and plans to expand its presence internationally.
View Source
Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt
VCCircle
ยท
1y ago
Medial
Avanse Financial Services, backed by Warburg Pincus, Kedaara Capital, and the International Finance Corporation, has shortlisted six bankers for its upcoming IPO. The Mumbai-based education loan non-banking company plans to raise Rs 4,000 crore through the IPO. Kotak Mahindra has been chosen as one of the shortlisted bankers. In another news, GMR Airports has raised debt for its ongoing airport expansion projects.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in