Yotta Data Services Raises $150 Million at $3.9–4.4 Billion Valuation to Fund AI Expansion
Yotta Data Services Secures $150 Million for AI Infrastructure Buildout
Yotta Data Services has raised approximately $150 million from non-institutional investors at a valuation of about ₹37,000 crore ($3.9–4.4 billion), as the company strengthens its balance sheet to support the next phase of expansion. The capital was raised over the last few months and consisted entirely of primary capital, with no promoter offer for sale.
The investment comes as Yotta Data Services, founded in 2019 by entrepreneur Sunil Gupta and Darshan Hiranandani as part of real estate giant Hiranandani Group, has grown from a hyperscale data centre and cloud infrastructure company into a major player in India's AI compute landscape. All capital raised is being deployed into the company to accelerate growth.
GPU Buildout Targeting Global Scale
Yotta expects to scale its AI cloud to more than 40,000 Nvidia Blackwell GPUs over the next four months and to around 85,000 GPUs by the end of the current financial year, which it said would make it one of the world's largest AI compute platforms outside the US and China.
Yotta plans to deploy about $7 billion in capital expenditure this year, and double that amount next year as it expands its GPU cloud business and position itself as a global provider of artificial intelligence infrastructure services. The investments will help raise its operating capacity to around 175-180 megawatt by the end of the year, primarily supporting its cloud and AI services business.
Global Market Focus
The company continues to support sovereign cloud and AI initiatives in India while increasingly serving global AI model builders and inference providers. This year, 75 per cent of Yotta's revenue is expected to come from global companies.
Its long-term vision is to help position India as a producer of AI infrastructure and intelligence, rather than just a consumer.
Path to Public Markets
Yotta Data Services is preparing to tap Indian public markets in FY27, with the company positioning the float to fund accelerated investments in GPUs, cloud and new data centre capacity as AI workloads surge in India.
The latest capital infusion forms part of a broader funding structure to support Yotta's aggressive infrastructure expansion. Reports suggest it is lining up roughly $1–1.2 billion in pre-IPO and IPO funding, alongside family capital, bank debt and off-balance-sheet GPU financing.
Operational Footprint and Expansion
Yotta operates large campuses in Navi Mumbai and Greater Noida and is scaling its Panvel land bank to about 70 acres, enabling up to 22 buildings and power feasibility of up to 2 GW. The company is planning to set up new data centers in Pune, Powai, Chennai, and Dhaka, along with a partnership in Nepal to build the 'K1' supercloud data center near Kathmandu.
Yotta has demonstrated remarkable growth, with revenues rising from $22 million in FY23 to an estimated $49.2 million in FY24. It projects FY25 revenue of $156 million as capex deepens to capture AI and cloud demand.
Hiranandani Group Context
Established in 1978, Hiranandani Group is one of the most prestigious real estate developers based in Mumbai. The group is one of the largest real estate developers in India with projects across Mumbai, Bengaluru, Chennai, and Hyderabad, and has diversified into health, education, energy, and hospitality. Yotta's infrastructure buildout leverages the group's established expertise in large-scale land acquisition and construction execution.