Aurum Equity Partners allocates $50 mn for Hyd investments

Hyderabad: Aurum Equity Partners, a leading investor in fast-growing digital infrastructure real estate data center assets has set up a $250 million global private equity fund plan of which it has allocated $50 million to Hyderabad, Telangana for the development of cutting-edge data centers. At the same time, Aurum Venture Partners has committed $5M to support deep tech startups in Telangana. In Q1, 2023, Aurum Venture Partners closed a $50M fund.

Venkat Bussa, Founder and CEO of Aurum, explains, "As technologies such as AI, IoT, Machine Learning, Big Data, Blockchain, and Cloud Computing going mainstream, data center developers are reimagining their offerings with a focus on edge computing. This enables efficient and secure data processing closer to end users. Aurum Equity Partners is uniquely positioned to capitalize on emerging opportunities and generate value for our investors, shareholders, and partners.

These announcements were made at an exclusive event hosted at the Gadar Memorial Hall in San Francisco by the Indian Consulate in collaboration with Aurum on May 22. The event also showcased why Telangana is the premier investment destination in India. Dr. TV Nagendra Prasad, Consul General of India, SFO, Jayesh Ranjan, Secretary of Information Technology for the Government of Telangana, Dr Vishnu Reddy, Special Secretary (Investment Promotion and External Engagement) and Srinivas Rao Mahankali, CEO of T-Hub attended the event.

Aurum Equity Partners stands out as an investment firm with extensive expertise in cloud, telecommunications, security, ESG, and data center industries. The team comprises seasoned investment professionals with deep knowledge in real estate, venture capital, growth equity, and leveraged buyouts within the cloud and data center infrastructure sector. The global fund will expand its investments in the United States, MENA, and India.