GIVA raises $100M in Multiples-led round; India’s Rs 3 lakh Cr data centre buildout
The roundup covers GIVA's Multiples-led $100M funding round for the Indian jewellery brand, plus broader infrastructure trends. Google's Dreambeans AI app launch in India and ideaForge's return to profitability in the drone sector are also mentioned. India's data centre sector is positioned for significant expansion over four financial years, with demand fuelled by generative AI and cloud services.
Key points
- GIVA secured $100M funding led by Multiples to expand manufacturing and offline presence across 400+ stores.
- India's data centre capacity expected to reach 7.5 GW by March 2030 with Rs 3 lakh crore investment.
- AI, cloud adoption and enterprise digitalisation driving infrastructure build-out.
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