Epsilon leads $23m round for India's Pi Datacenters

An Australian private equity firm also took part in the Series A round, according to a report in The Economic Times linked from the Twitter feed of Epsilon founder Sudheer Kuppam. The firm has not been identified. Pi will use the new capital to add data centers in India, augmenting the one it currently operates.

Founded in 2014, Pi provides data management services to internet companies, with a particular focus on businesses based in India. Its appeal is based on its geographical proximity to clients, which allows a more reliable connection and faster response times, both of which are expected to be critical as India's internet economy continues to grow.

Epsilon's commitment to Pi follows an angel investment in the company by Kuppam, who launched Epsilon last year following his departure from Intel Capital. Kuppam had worked at Intel for 15 years, most recently serving as managing director for India, Japan, Australasia and Southeast Asia.

A number of private equity investors have showed interest in India's data centers, drawn like Epsilon by the prospects of continued business growth due to the country's digital economy. Investments have focused on both the physical infrastructure, as with IFC and Intel Capital's investments in NxtGen Technology, and supporting technologies, as in the case of Nexus Venture Partners' commitment to data center software developer Arkin.

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• Topics
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