Black Box Limited secures Rs 410 crore funding to boost digital infrastructure, expand solutions, and drive innovation in cloud, AI, cybersecurity, and IoT.
Global digital infrastructure integrator Black Box Limited has secured Rs 410 crore funding to accelerate its growth and expansion. The investment round includes Rs 200 crore from existing promoters, reflecting their confidence in the company’s strategic plans Renowned investors, such as overseas institutional investors and high-net-worth individuals, gave an additional Rs 200 crore, while important management staff members contributed an additional Rs 10.
“We are thrilled to have secured this capital, which will enable us to embark on an ambitious growth trajectory and enhance our digital infrastructure offerings and drive innovation in a rapidly evolving market,” said Sanjeev Verma, Chief Executive Officer of Black Box Limited in a statement.
Black Box Limited’s Chief Financial Officer, Deepak Bansal, expressed gratitude to current investors for their unwavering support and welcomed new ones as the business moves into its next stage. He restated the company’s resolve to make investments in areas of growth while keeping a close eye on return on capital and operational effectiveness.
Black Box plans to invest the raised capital in expanding its solutions portfolio for enterprise customers and data centre operators, including Hyperscalers. The funds will support the company’s strategic expansion into industry verticals with relevant technology solutions, including cloud computing infrastructure, cybersecurity, AI, and IoT. Additionally, significant investments will be made in key leadership hiring and expanding sales and business development efforts in North America and emerging markets.
