‘We Continue to Evaluate Interest from Institutional Investors’, Says Yotta CEO Sunil Gupta

Yotta Data Services, Hiranandani Group’s data centre arm, on Friday said that it continues to evaluate interest from high-quality long-term institutional investors who share its vision of building world-class AI and digital infrastructure from India. The company also said its pre-IPO and IPO roadmap continues to progress as planned.

The company made the comment in response to reports that it was looking to raise nearly USD 1 billion from private equity funds in India and outside for expansion initiatives.

Sunil Gupta, Co founder, CEO and MD of Yotta Data Services said “Yotta remains firmly focused on executing one of the world’s most ambitious AI infrastructure expansion programs. As we continue to scale our AI, Sovereign Cloud, Cloud & Managed Services and Data Centre businesses, we are strengthening our balance sheet through growth capital to support the next phase of expansion.

Over the last few months, we have successfully raised approximately USD 150 million from non-institutional investors at a valuation of around USD 3.8 billion. There has been no promoter offer-for-sale as part of this fundraise and all capital raised is being deployed into the company to accelerate growth. We continue to evaluate interest from high-quality long-term institutional investors who share our vision of building world-class AI and digital infrastructure from India.

Our valuation philosophy is anchored in business fundamentals, long-term contracted revenues and execution visibility, rather than market sentiment. As we continue to add AI infrastructure capacity, secure new long-term customer commitments across India and global markets and execute on our growth roadmap, we believe we will continue creating significant long-term shareholder value. Consequently, we expect our valuation to continue strengthening as the business scales.

Operationally, Yotta continues to grow at a pace significantly ahead of the underlying industry. Over the next four months, we expect to scale our AI cloud to more than 40,000 NVIDIA Blackwell GPUs, and to approximately 85,000 GPUs by the end of this financial year, establishing one of the world’s largest AI compute platforms outside the US and China. At the same time, we remain the trusted infrastructure partner for some of India’s largest sovereign cloud and AI initiatives while increasingly serving leading global AI model builders and inference providers. Our vision is to help transform India from being merely a consumer of AI infrastructure into a global producer of AI infrastructure and intelligence.

Our pre-IPO and IPO roadmap continues to progress as planned, and we remain encouraged by the strong interest from investors who believe in Yotta’s long-term vision and execution capabilities.”

Set up in 2019, Yotta operates a few data centre campuses across India. The company offers AI-related services such as sovereign cloud, cyber security and more.

In February this year, Yotta had announced it will deploy 20,736 liquid-cooled NVIDIA Blackwell Ultra GPUs, forming one of Asia’s largest AI superclusters. The deployment represents an investment exceedingUSD 2 billion and is expected to go live by August 2026.

It also announced the successful deployment of BHASHINI’s end-to-end sovereign AI cloud transformation on Yotta’s Government Community Cloud (GCC) and Shakti Cloud. Following this BHASHINI, AI powered language translation platform, operates entirely on Indian cloud and GPU infrastructure.

Recently, IBM and Yotta entered into a strategic partnership to deliver an Agentic AI platform for enterprises and government organisations in India. Proposed to be built using IBM watsonx Orchestrate and deployed on Yotta’s Shakti Cloud, the platform is aimed at helping organisations scale AI adoption.