Infibeam Avenues, a fintech company headquartered in GIFT City, Gujarat, is set to build a network of small-scale data centres in 10 Indian cities over the next 12-18 months. This involves a Rs 200 crore investment under the Infibeam Quantum Edge brand. Each data centre will have a capacity of 1-2 MW, with individual costs ranging from Rs 20-50 crore. The first operational facility of two MW is in GIFT City.
The decentralised model of smaller data centres enables mobile edge computing and improves real-time data processing, especially for fintech and e-commerce applications. India’s cloud market is expected to reach USD 24.2 billion by 2028, and Infibeam aims to capitalize on this growth by building data centres closer to customers in Mumbai, Bengaluru, Hyderabad, Chennai, Delhi-NCR, and Tier-II cities. These centres reduce latency in digital payments and online transactions, support compliance with the Digital Personal Data Protection Act, and address the growing digital needs in smaller cities. Infibeam’s smaller, localised facilities offer a cost-effective, scalable alternative with lower operational expenditure (OPEX) and reduced risks due to their distributed nature.
The data centres are expected to achieve break-even within 24 months. Infibeam and its subsidiary Rediff India will utilise these facilities to enhance their operations, especially in AI-driven services and fintech solutions. Infibeam recently entered the AI sector with its vision AI firm, Phronetic.AI.