Mumbai, April 4 -- NxtGen Datacentre and Cloud Technologies has appointed investment bank Avendus to raise $300 million at a nearly $900 million dollar valuation, two people familiar with the matter told Mint.

"The company has been in the market for some time but has recently appointed Avendus for the fundraise," one of the people said, adding that NxtGen has spoken to several investors to raise capital. "If the round goes as planned, it will be its largest to date," the second person said.

NxtGen did not respond to Mint's request for a comment, while Avendus declined to comment.

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NxtGen Datacenter and Cloud Technologies is a technology services c...