IFC considers $20m NxtGen investment

Mar 23, 2015 • Thierry Heles

Intel-backed IT infrastructure services provider NxtGen could receive a $20m debt and equity investment from International Finance Corporation.

International Finance Corporation (IFC), the World Bank Group’s private sector investment subsidiary, is considering investing approximately $20m in India-based IT infrastructure services provider Nxtgen, Business Standard reported on Saturday.

The $20m figure would consist of both an equity investment and a loan.

NxtGen was founded in 2013, the same year it attracted an $8m investment from Intel Capital, the corporate venturing arm of semiconductor company Intel. It offers data centre co-location and enterprise cloud services, as well as dedicated web…

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