By News Porter Desk
Aurum Equity Partners, a leading investor in fast-growing digital infrastructure and real estate data centre assets, recently announced the setting up of a $250 million global private equity fund plan at an exclusive event hosted by the Indian Consulate in collaboration with Aurum, at the Gadar Memorial Hall in San Francisco on May 22, 2023.
According to a media release, Venkat Bussa, General Partner and head, Aurum Equity Partners, allocated $50 million from this Fund to Hyderabad, Telangana for the development of cutting-edge data centres. In addition, Narsi Ayyagari, General Partner and Head Aurum Venture Partners, has committed $5million to support deep tech startups in Telangana, which is making real advancements in AI, ML and blockchain.
The global fund will expand its investment footprint in the United States, MENA, and India.
Talking to The News Porter, Narsi Ayyagari said, “We at Aurum are here to be part of the future digital transformation process and proud to partner with State of Telangana /T-Hub/India.”
The event in San Francisco was attended by dignitaries including Dr TV Nagendra Prasad, Consul General of India, SFO, Jayesh Ranjan, Secretary of Information Technology for Government of Telangana, Dr Vishnu Reddy, Special Secretary (Investment Promotion and External Engagement) and Srinivas Rao Mahankali, CEO of T-Hub.
Aurum Equity Partners team comprises seasoned investment professionals, headed by Syed Nawaz, Managing Partner (Technology & Innovation).
