iBus Network and Infrastructure Pvt Ltd is described in the article as a digital infrastructure provider controlled by NIIF. The report states that the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, invested Rs 280 crore (about $34 million) in iBus. IFC’s investment was made to pick up a minority stake in the company. The article says this transaction provided an exit to some existing investors. The headline and coverage also indicate that another private-equity investor checked out as part of the broader investor movements reported. The published item is a premium article and the snippet does not disclose additional operational details, product specifics, founding year, location, or further financial metrics. iBus Network builds digital infrastructure including in‑building Wi‑Fi, outdoor small cells and managed Wi‑Fi services, and is testing IoT projects. It offers an Infrastructure‑as‑a‑Service platform and plans additional services such as energy‑as‑a‑service and guestroom entertainment for hospitality. The company says its energy sensors can cut consumption by about a quarter and that it already has roughly 15 customers in each of those segments. iBus plans international expansion in Indonesia, Sri Lanka, Thailand and to target high‑income western markets (Australia, New Zealand, South Korea, Dubai) via its hospitality Wi‑Fi platform and hotel relationships. Domestically it will focus on the mobility sector and indoor Wi‑Fi for education, targeting an estimated 6–8 billion sq. ft of real estate and citing a 30–40% expected CAGR for the education Wi‑Fi opportunity. The company has previously acquired passive telecom assets including Microsense Networks, Wi‑Fi assets from D‑VoiS Communications and Ubico Networks.

Total raised

$235M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2024