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Sign in Sign up for a FREE subscriptionYondr Group and Everstone Group announce $1b strategic partnership for data center investment
Yondr Group, a data center business, has formed a strategic joint venture partnership with Everstone Group. The joint venture, with an initial capitalization of $1 billion, will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025.
Operating under the brand name EverYondr, the first facility will be located in the Mumbai Metropolitan Region, for which land and power have already been acquired, and will deliver 30 megawatts of IT capacity by 2023 and 60 megawatts of IT capacity when fully developed.
The investment will be used to fund the development and operation of multi-locational hyperscale data center business across important geographies in India, including but not restricted to the metros of Mumbai, Hyderabad, Bangalore, Chennai and the Delhi National Capital Region.
In recent years, India has undergone significant digital transformation, with active internet user numbers re
