Mumbai-based NaaS provider CloudExtel raises ₹200 crore in debt

Mumbai-based Network-as-a-Service (NaaS) provider CloudExtel has raised Rs 200 crore in external debt. The company received Rs 150 crore from NIIF Infrastructure Finance Limited (NIIF IFL) and an additional Rs 50 crore from Aditya Birla Finance Limited (ABFL). The funding is aimed at expanding its network of small cells and fiber optics.