The iBus Group, announced today it has secured a Rs 125 crore investment from Nomura, a leading provider of financial services globally to propel its next stages of growth.
With the help of this strategic investment, iBus Group , the Bengaluru based telecom infrastructure and technology company will be able to consolidate its digital infrastructure and transform it into managed Wi-Fi services and other value-added services.
Director and CBO of iBus Group, Subash Vasudevan said “With this investment, we envision accelerating the convergence of protocols to amplify the experience of digital services for our customers. Currently, digital connectivity infrastructure is skewed towards urban and tier-I states/cities in India resulting in a huge digital divide. iBus will now build scale and eliminate inefficiencies to fast track the essential digitalization of our economy,”
iBus Group to offer IoT services
Founded by Sunil Menon, Subash Vasudevan, and Ram Sellaratnam in 2010, iBus Group-owned multidimensional networks are deployed across around 1 billion sqft area with 750 sites in 52 cities. The aspect of managing Wi-Fi along with the existing business of building neutral host passive and active IBS networks across various venues in India, shall enable the iBus group to become one of the largest multi-dimensional connectivity network operators in the country.
Furthermore, the company will offer its Internet of Things (IoT) solutions to its existing and new customers on its connectivity platform.