Nomura infuses Rs125 crore in Morgan-Stanley backed ‘iBus'

6 Sep 2022 , 11:26 AM

Nomura, a global financial services group, has invested Rs125 crore in iBus Group, a telecom infrastructure startup backed by Morgan Stanley.

The strategic investment would help iBus Group consolidate and develop digital infrastructure for wifi-managed services and other value-added services.

According to the firm, the funding would also assist the iBus Group to grow its global footprint through its subsidiaries in Singapore, Dubai, and the United States.

iBus group believes that this investment will accelerate the convergence of protocols to boost the digital service experience for its customers.

Currently, its digital connectivity infra is mainly focused on Urban & Tier 1 states/cities in India, resulting in huge digital segregation. iBus now strives to build scale and eliminate inefficiencies to accelerate the digitalisation of our economy, said Director and CBO, Subash Vasudevan of iBus.

Ambrish Singh, Head of Loans and Principal investments — Nomura, highlighted that Nomura’s investment will allow iBus to expand its digital presence and drive consolidation.

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