Investing in India's AI Data Center Decade.
A $100M private equity fund targeting development-stage, AI-ready data center campuses across India — where power, land, and policy align.
— Kottinger Capital
India's AI infrastructure gap is structural, not cyclical. With less than 1% of global data center capacity serving the world's third-largest internet population, the demand trajectory is not a forecast — it is a policy imperative.
The scarce resource is not money. It is sites with reliable grid power and suitable land already secured. Operators need both before they can commit. Most new entrants cannot deliver either at speed.
Kottinger Capital acquires and permits those sites first — locking in power agreements, land, and water before development capital is deployed. That sequencing is the fund's core advantage.
We build when tenants are committed. Capital follows sites. Sites are the product.
Three pillars. No exceptions.
Land & Power Security
Secure land, grid connectivity, and water agreements before committing development capital. No site advances without all three.
Demand-Led Phasing
Capital is deployed in phases tied to executed lease commitments. Hyperscaler and enterprise pre-leases gate each construction tranche.
Exit at Infrastructure Multiples
Stabilized campuses are recapitalized or sold to infrastructure funds, sovereign vehicles, or REITs at asset-class multiples — not venture returns.
Structure
First in underserved markets.
We go where states offer land, tariffs, and incentives to win their first large campus. Bihar is that market today — a state government actively competing for infrastructure investment, offering a combination of policy support, available land, and grid capacity that more contested markets cannot match. Future sites follow the same logic: find the state that wants to win, and get there first.
Access the Fund Deck
Qualified investors may request the full fund deck, financial model, and data room access. All materials are provided under NDA.
For qualified investors only.