Hyperscale data centre company Yondr Group, in a joint venture partnership with Everstone Group, is investing $1 billion to open data centres across multiple locations in India.
Operating under the brand name EverYondr, the first data centre will come up in the Mumbai Metropolitan Region for which land and power have already been acquired. This data centre will deliver 30 MW of IT capacity by 2023 and 60 MW when fully developed, the company said.
The investment will be used to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India, including the metros of Mumbai Metropolitan Region, Hyderabad, Bengaluru, Chennai and National Capital Region (Delhi).
“EverYondr’s early acquisition of its first campus in the Mumbai Metropolitan Region reinforces our commitment to the region. Unlike other mature hyperscale markets, data centres in India require a proactive approach to development and a streamlined delivery process.
As a business, our mission is to help clients meet their data centre capacity and technical real estate needs, faster and with better performance outcomes than anyone else,” said Dave Newitt, CEO at Yondr Group, in a statement.
“Collaborating with a specialised and trusted partner like Everstone will enable us to continue to deliver on that promise in the Indian market that is critically under-served today. Bringing together Everstone’s deep knowledge of the Indian market and Yondr’s technical expertise and track record in developing capacity at scale, this joint venture will deliver unrivalled value to our hyperscale clients,” added Newitt.
The joint venture will support hyperscale clients and service the rapidly growing Indian market, the size of which is projected to exceed $4.5 billion by 2025.
“To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realise their expansion needs. Yondr’s global experience combined with Everstone’s strong execution capabilities in India, will provide clients with a credible and consistent choice,” said Sameer Sain, co-founder and CEO of Everstone Group.
In recent years India has undergone significant digital transformation, with active internet user numbers estimated to be 525 million in 2019, which translates into an annual growth of 19.2 per cent.