Nxtra Data Secures $1B for AI Data Center Expansion

Bharti Airtel announced on March 30, 2026, that its data center subsidiary, Nxtra Data Limited, has secured a $1 billion investment to fuel expansion amid surging demand for artificial intelligence infrastructure in India.

The funding round, led by private equity firms Alpha Wave Global, Carlyle, and Anchorage Capital, values Nxtra at approximately $3.1 billion upon closing. Alpha Wave Global is contributing $435 million, Carlyle $240 million, and Anchorage Capital $35 million, with Airtel providing the remaining funds to maintain its controlling stake. The deal awaits regulatory approvals in India. Nxtra, headquartered in New Delhi, operates 14 large core data centers, more than 120 edge facilities across nine states, and a state-of-the-art site in Pune. The company is also developing AI-ready campuses in Chennai, Mumbai, and Kolkata.

The investment will support Nxtra's plans to scale its capacity from nearly 300 megawatts to 1 gigawatt over the next few years, aiming for about 25 percent market share. Proceeds will accelerate infrastructure growth and broaden services, including colocation, cloud infrastructure, managed hosting, data backup, disaster recovery, and edge...