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Funding · AI & Deep Tech

Yotta raises $150m at $3.9bn valuation for AI expansion

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Date
Company
Yotta Data Services
What it does
AI infrastructure and data centre provider
Kind
Funding
Amount
$150 Mn
Stage
pre-IPO
Founded
2019
Sector
AI & Deep Tech

What they do

Yotta builds AI infrastructure with thousands of NVIDIA GPUs for global clients

What happened

The company raised $150 million from non-institutional investors at a $3.9 billion valuation

Why it matters

International revenue now dominates as the firm targets a $1.5 billion total capital raise

The details

  • Yotta Data Services raised $150 million in fresh funding from non-institutional investors.
  • The round values the company at approximately ₹37,000 crore or $3.9 billion.
  • Most transactions closed by March while some continued through May of this year.
  • The valuation is about 30% higher than its previous assessment due to larger contracts.
  • Yotta plans to scale its infrastructure to over 40,000 NVIDIA Blackwell GPUs soon.
  • The company aims to reach roughly 85,000 GPUs by the end of FY27.
  • It intends to file a DRHP for an IPO in the coming months.
  • Total capital raised across pre-IPO rounds and the IPO will target $1.5 billion.

The bigger picture

  • Global demand for AI compute is significantly stronger than domestic demand.
  • International pricing yields roughly 50% higher margins compared to Indian customers.
  • Cumulative AI infra investment is expected to exceed $7 billion by FY27-end.

About the business

  • Yotta provides colocation, sovereign cloud, managed services, and neocloud GPU solutions.
  • GPU financing partners own the hardware while Yotta installs and operates it.
  • Revenue from GPU deals is split 75% to partners and 25% to Yotta.
  • Partners have an option to buy back GPUs at market value after four years.
  • Sovereign cloud interest comes from South Asia, CIS, and parts of the West.
  • Colocation currently makes up about 20% of revenue but will decline to 15%.
  • The remaining 85% of revenue will come from sovereign cloud and AI infrastructure.
  • Yotta was the largest compute provider for the MeitY-led IndiaAI Mission programme.
  • It supplied 38,000 GPUs to the government's common compute facility initiative.

What happens next

  • File a Draft Red Herring Prospectus (DRHP) for an initial public offering.
  • Scale GPU infrastructure to over 40,000 units within four months.
  • Shift customer mix to 90% international by the end of the year.

The deal

Type
Pre-IPO equity

Investors

  • Gorilla (partner) — US-listed tech company partnering on GPU financing models.

Founders

  • Sunil Gupta, CEO and Managing Director
  • Darshan Hiranandani, Co-founder

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