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AI cloud unicorn Neysa eyes 2027-end IPO, plans new Nvidia, AMD chips and own data centres
Cofounder and CEO Sharad Sanghi told ET AI the firm is seeing demand from Indian customers and global companies looking to use India as a computing base with BFSI clients leading enterprise demand.
AI compute financing needs bankable contracts, lender exit rules: industry
They highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaAI Mission.
IPO-bound Yotta plots $12 billion next-gen Nvidia chip order
The Hiranandani Group’s data centre arm has already deployed 40,000 graphics processing units (GPUs) at an investment of $1.8 billion by June. Combined with the proposed $12 billion order for the premium enterprise artificial intelligence hardware, Yotta would become Nvidia’s largest customer in India, he said.
Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom
Yotta Data Services is gearing up for an initial public offering scheduled for early 2027, aiming to secure as much as $1.5 billion to settle debts and enhance their infrastructure. This strategic move taps into the surging demand for AI computing infrastructure seen across India. A noteworthy portion of Yotta’s clientele comprises global customers, bolstered by a tax holiday that instils confidence among international data center users.
ESDS to expand data centre operations with Rs 720-cr IPO proceeds
ESDS Software Solution is embarking on a ₹720-crore IPO aimed at broadening its data center operations across India and Europe. This strategic move follows a notable partnership for AI cluster deployment powered by NVIDIA GPUs. The investment will not only bolster their infrastructure but also pave the way for new facilities in Kolkata and Sahibabad, positioning ESDS as a trailblazer among India's publicly listed data center providers.
AI data centre firm AMI orders 9,000 Nvidia Vera Rubin chips
AM Intelligence (AMI), promoted by Greenko founders, has ordered 9,000 Nvidia Vera Rubin chips as it builds a 5GW global data centre network. The company plans to deploy 200MW over the next 18 months, backed by $3 billion in debt and equity funding, targeting global AI customers and model training workloads.
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Yotta plans IPO of up to Rs 8,000 cr to fund AI infra push
Yotta Data Services is preparing to file its draft prospectus for an initial public offering. The company aims to raise approximately six thousand to eight thousand crore rupees. These funds will support expanding data centre footprint and AI infrastructure deployment. Yotta recently secured one hundred fifty million dollars in a pre-IPO funding round. This move positions Yotta to meet growing demands for computing capacity in India.
Yotta Data Services offers Rs 10,000 free Shakti Studio credits for AI development in India
Launched in 2025 by Yotta in partnership with Nvidia, Shakti Studio is a browser-based platform that enables users to build, fine-tune and deploy AI models. The platform provides serverless access to Nvidia H100 and L40S GPUs on demand, allowing users to leverage computing resources without managing the underlying infrastructure.
Yotta Data Services in talks with PE funds to raise $1 billion
Yotta Data Services is reportedly seeking $1 billion from global and domestic funds, aiming to sell a 25-30% stake at a $3 billion valuation to fuel its expansion. The Hiranandani group's data centre arm is also exploring an initial public offering in India. This move comes as India's data centre sector experiences rapid growth, driven by AI and cloud adoption, attracting significant international investment.
Yotta ramps up AI push with additional $6 billion investment
Yotta Data Services is injecting a massive $6 billion into expanding its AI infrastructure, significantly boosting its Nvidia GPU deployment. The company is increasing its Nvidia Blackwell GPU order and plans to integrate thousands of next-generation chips. This move highlights India's ambition to become a global AI compute hub, ensuring self-sufficiency in the critical AI value chain for both domestic and international clients.
Yotta, Gorilla Technology expand India AI infra pact with $2.8 billion project
Gorilla Technology Group and YottaData Services are expanding their AI infrastructure partnership. This collaboration is valued at approximately $2.8 billion. An additional 20,736 GPU cards will be deployed in India. This deployment is scheduled for completion by September 30, 2026. This move will significantly boost AI compute capabilities within the country.
IndiaAI GPU Tender: 9 firms clear technical round, flag cost concerns
Nine companies have cleared the technical stage for IndiaAI Mission's GPU tender. These firms are now considering the challenges of rising costs and short contract cycles. Such factors could affect their ability to make significant investments in AI infrastructure.
AI startup Yotta seeks $4 billion valuation ahead of planned IPO
The Mumbai-based company is aiming to secure roughly $500 million to $600 million in capital and then file its formal listing documents within weeks, according to people familiar with the matter. It plans to raise a similar amount in the public offering.
AI sovereignty doesn't imply digital isolation: Yotta's Sunil Gupta
Sunil Gupta, MD and CEO of Yotta Data Services, said AI sovereignty does not mean isolation or complete self-reliance but strategic control. Speaking at the AI Impact Summit 2026, he noted global interdependence in technology is inevitable. Sovereignty means no single country or company can dictate a nation’s digital future.
Global tech giants line up investments, tieups in AI space
Sundar Pichai, CEO of Google and Alphabet, laid out an expansive road map for India's AI future, announcing fresh commitments in infrastructure, skilling, public-sector partnerships and scientific research. Google is advancing its previously announced $15 billion AI hub in Visakhapatnam and unveiled the India-America Connect initiative. This will establish new subsea cable routes boosting AI connectivity among the US, India and other parts of the southern hemisphere.
Yotta spends $2 billion to deploy top Nvidia chips
Yotta Data Services is investing $2 billion to install Nvidia’s latest AI chips at its Noida hyperscale data centre, going live by August. This will be India’s first deployment of Blackwell B300 GPUs and one of Asia’s largest AI superclusters. Nvidia will also build Asia’s first DGX Cloud cluster.
Govt eyeing 25,000 more GPUs as AI Mission’s fourth tender closes
The government expects to add close to 25,000 graphics processing units (GPUs) in the next few weeks to the existing commitments for 40,535 GPUs, a senior government official told ET, as the fourth round of GPU procurement is underway and is expected to close soon.
Yotta set to debut on Nasdaq as SEC okays Cartica merger
The listing is expected to raise around $463 million, which will be used primarily for expanding Graphics Processing Unit (GPU) infrastructure, according to a company presentation to the SEC.
IndiaAI plan moves forward with over 17,000 GPUs successfully installed
Some cloud service providers like Yotta and NextGen have made significant headways in installing and commissioning GPUs, while Jio Platforms and CtrlS Datacenters are facing delays. The mission aims to build a scalable cloud platform. It will help researchers and startups train AI models. The government incentivizes local LLM development. More GPU installations are expected soon.
Indian startup Yotta Data seeks $500 million private credit to expand
Indian data center firm Yotta Data Services is seeking to raise approximately $500 million from private credit funds like Oaktree, Cerberus, and Davidson Kempner. The funds will be used to invest in data center parks and purchase Nvidia chips for AI services, supporting India's infrastructure development and growing private credit market.
Only 25% of Yotta’s GPUs used by Indian firms: CEO Sunil Gupta
On the government’s India AI Mission, chief executive Sunil Gupta said Yotta Data Services is unlikely to subsidise prices further for the government as the government plans to facilitate the availability of 10,000 GPUs-time for startups, researchers and academia. Yotta’s GPU time on an hourly basis is aggressively priced but the company would be open to negotiations once the government’s tender is out, he said.
AI startup Sarvam AI unveils mix of open source, enterprise products
Sarvam AI, an AI startup from Bengaluru, introduced new generative AI products. Key offerings include Sarvam Agents, Sarvam 2B, Shuka 1.0, Sarvam Models, and A1. Sarvam will partner with the likes of Yotta, Nvidia, Microsoft Azure, Google Cloud Platform (GCP) and Exotel for these services and products.
Yotta Data Services to offer cheapest AI compute rates globally, says CEO
Yotta Data Services, partnering with NVIDIA, aims to provide competitive AI compute capacity. Leveraging unique market position, it plans to reach breakeven in 2-3 years on a $1B investment. The company also participates in the AI Mission initiative.
India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang
Nvidia CEO Jensen Huang said that his conversations with Prime Minister Narendra Modi highlight India’s need to become a part of AI value addition rather than just exporting India’s data to train super-sized large language models.
Yotta gets first tranche of 4,000 GPUs from Nvidia
Yotta Data Services has plans to scale up its GPU stable to 32,768 units by the end of 2025.
India's compute infra less than 2 pc of global capacity: NVIDIA Asia South MD
While speaking at StartUp Mahakumbh, NVIDIA Asia South MD Vishal Dhupar on Monday said that the contribution of research from Indians abroad is around 12 per cent due to the availability of computing infrastructure.
Meet Yotta Data Services, an Indian startup taking big AI bets
Yotta Data Services was founded in 2019 with the backing of real-estate billionaire Niranjan Hiranandani by Sunil Gupta. Yotta offers companies like Wells Fargo & Co. access to data storage and computing power they can scale up or down as needed, without buying and installing their own hardware.
Nvidia backs little-known upstart in India’s biggest AI bet yet
While companies like OpenAI and Google have poured billions of dollars into such chips in the US, Yotta is making India’s largest bet yet on the promise of AI.
Indian data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO
Yotta said last month that it would place an order for Nvidia chips but did not give a value for the deal or say which chips it would buy.
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