Hyperscale data centre provider Yondr Group has entered a joint venture with the Singapore-based private equity firm Everstone Group to open several data centres in India. The two companies are investing US$1bn in the facilities and will operate under the name EverYondr.
The first facility, located in the Mumbai Metropolitan region, will aim to deliver 30MW of IT capacity by 2023, rising to 60MW once completed. The joint venture plans to support Yondr’s hyperscale clients as well as serve the growing Indian data centre market, which is expected to reach a value of US$4.5bn within the next four years.
EverYondr’s Mumbai Metropolitan data centre
In a statement, Dave Newitt, Chief Executive Officer of Yondr Group, said: “EverYondr’s early acquisition of its first campus in the Mumbai Metropolitan Region reinforces our commitment to the region. Unlike other mature hyperscale markets, data centres in India require a proactive approach to development and a streamlined delivery process. As a business, our mission is to help clients meet their data centre capacity and technical real estate needs, faster and with better performance outcomes than anyone else.
Talking about the venture, he added: “Collaborating with a specialised and trusted partner like Everstone will enable us to continue to deliver on that promise in the Indian market that is critically under-served today. Bringing together Everstone’s deep knowledge of the Indian market and Yondr’s technical expertise and track record in developing capacity at scale, this joint venture will deliver unrivalled value to our hyperscale clients.”
Sameer Sain, Co-Founder and CEO of Everstone Group, believes the collaboration with Yondr will be able to offer clients opportunities. “To meet the accelerated pace of cloud adoption, hyperscale companies are increasingly looking to credible partners to help realise their expansion needs. Yondr’s global experience combined with Everstone’s strong execution capabilities in India will provide clients with a credible and consistent choice.”
India’s digital transformation
Recently India has undergone significant digital transformation. For example, in 2019, the number of active internet users in the country reached 525mn. This represented an annual growth rate of 19.2%. Other influences on India’s digital change are low-cost smartphones, and cheaper data tariffs, with overall data consumption rising from 0.26GB to 9.8GB per user between 2014 and 2018.
With a population of 1.3bn, the country’s data consumption per user is predicted to reach 18GB by 2024, a number only surpassed by the United States and the UK.