Nomura invests Rs.125 crore in Morgan Stanley’s iBus Group

Date:

Nomura is an international financial services company has invested Rs.125 millions in iBus Group, which is a Bengaluru-based telecom infrastructure and technology-related company.

This investment strategy will enable iBus Group to consolidate and transform its digital infrastructure into managed Wi-Fi services as well as various other services that add value. According to the report, the funds will also enable to allow iBus Group to extend its global reach by establishing subsidiaries with offices in Singapore, Dubai, and the United States.

Read more How do startups in India get domestic financing? could make India an aatmanirbhar

Established by Sunil Menon, Subash Vasudevan as well as Ram Sellaratnam in 2010, iBus Group owns multidimensional networks covering over one billion square feet. They comprise 750 venues across 52 cities. The expansion of Wi-Fi management to the iBus group’s current business of developing neutral host active and passive IBS networks in a variety of places in India will allow the company to be one of the nation’s top networks for multi-dimensional connectivity. In addition, through its connectivity platform it will be able to offer the Internet of Things (IoT) solutions to new and existing customers.

Director and CBO of iBus, Subhash Vasudevan, envisions that as a result of the investment, there will be an increase to the convergence of protocol in order to enhance customer experience.

Read more Orxa Energies Raises Funding To The Electric Bike Mantis On The Market

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...