Zerodha’s Nikhil Kamath, entrepreneur Sreeram Vanga cumulatively invest ₹250 crore in CtrlS Datacenters

Zerodha Co-founder Nikhil Kamath has invested ₹200 crore in hyperscale data center operator CtrlS Datacenters, while entrepreneur Sreeram Reddy Vanga also invested ₹50 crore.

The capital will support CtrlS’s infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India, particularly as AI, cloud, and digital workloads accelerate.

“The investment highlights growing investor conviction in India’s AI, cloud, and digital infrastructure opportunity,” CtrlS said in a statement.

Over the years, CtrlS in India has bolstered its business with enterprises, cloud providers, financial institutions, and government organisations.

“India is at an inflection point where the underlying infrastructure either keeps pace or becomes the bottleneck. CtrlS has spent years building the kind of depth that does not get assembled overnight. That is what made this an easy decision,” said Kamath.

“India’s AI and cloud ambitions will require world-class digital infrastructure at scale. I am excited to be part of CtrlS’s next phase of growth and the broader digital infrastructure opportunity in India,” said Vanga.

“What excites me about this partnership is the alignment in that long-term vision. It gives us the ability to think bigger, move faster, and continue building datacenter platforms that will support India’s next phase of growth,” said Sridhar Pinnapureddy, founder and CEO, CtrlS Datacenters.

CtrlS operates 19 data centers across nine key markets in India with over 370MW of capacity and 4.4GW of projects at various stages of execution.

In July, CtrlS entered into a strategic partnership with the Canada Pension Plan Investment Board (CPP Investments), which will see the latter investing up to ₹7,000 crore (C$1 billion) to help fund CtrlS’ upcoming growth in India’s fast-growing digital infrastructure sector.

As part of the partnership, CPP Investments will invest ₹4,000 crore (C$588 million) to acquire an 8.2% stake in CtrlS.

In addition, CPP Investments and CtrlS will form a joint venture to develop hyperscale data center campuses across India. CPP Investments has committed up to ₹3,000 crore (C$441 million) to the joint venture and will hold 48% equity ownership, with CtrlS owning 52%.