Indian data center operator Yotta Data Services Pvt. plans to raise $500-600 million from investors as part of a financing round to increase the market value to $4 billion before the IPO. This is reported by foreign media.
Yotta is in talks with Nomura Holdings Inc., Goldman Sachs Group Inc., ICICI Securities Ltd. and Kotak Securities Ltd. to conduct an IPO and has already received preliminary approval for listing.
Potential investors include sovereign wealth funds, including Mubadala Investment Co., and the family offices of several Indian billionaires who have already signed the agreement.
Yotta operates India's largest Nvidia Corp. processor cluster. and it is positioned as an alternative to the largest Western technology companies, able to compete with the United States and China in the field of AI. In particular, Amazon.com Inc. and Alphabet Inc. plan to invest over $100 billion in capital expenditures, including AI infrastructure in India.
AI companies, including OpenAI, CoreWeave Inc. and Nebius Group NV, are investing record amounts in computing power in an effort to take a leading position in the emerging field. In particular, the hyperscalers of Amazon, Alphabet and Microsoft Corp. They plan to spend about $650 billion on AI development in 2026.
At the heart of Yotta's strategy is the creation of an AI infrastructure in India. The company currently uses about 10,000 Nvidia H100 chips and plans to install thousands of Nvidia B200 chips by May. By August, an additional batch of 20,000 Nvidia B300 processors worth $2 billion will be launched.
Previously, Yotta considered listing in the United States through a merger with a specialized American company for targeted acquisitions, but focused on the domestic market amid growing investor interest in AI and digital infrastructure assets.
Yotta Data Services Private Limited is an Indian operator of scalable data centers based on SAP and Oracle. The headquarters is located in Mumbai (India).
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