Yotta Eyes $1.5B IPO by Early 2027 for AI Infrastructure Expansion

Yotta Data Services is targeting an Initial Public Offering (IPO) between January and March 2027, aiming to raise up to $1.5 billion. The Indian data centre operator, backed by Hiranandani Group, plans to use these funds for debt repayment, GPU purchases, and expanding its sovereign cloud infrastructure.

IPO & Funding Snapshot

• IPO Target: $1.5 billion
• IPO Window: January-March 2027
• Recent Primary Growth Capital: $150 million
• Current Valuation: 370 billion rupees ($3.9 billion)
• Global Clients: 75%-80% of customer base

This strategic move capitalizes on the surging demand for AI computing infrastructure in India. Global tech giants like Google and Amazon are already expanding their presence across the country, driving increased need for data services.

Yotta claims to be India’s largest provider of Nvidia-powered AI computing infrastructure. The company is currently raising pre-IPO capital, expecting the IPO portion to be smaller than initially planned due to significant funds already secured.

India’s Growing AI Infrastructure Appeal

India is becoming an attractive destination for AI infrastructure investment, CEO Sunil Gupta noted in a LinkedIn post. He stated that power constraints and GPU shortages are slowing expansion in the United States and Europe, while geopolitical tensions create uncertainty in the Middle East.

Gupta added that global clients account for 75%-80% of Yotta’s customer base. A 20-year tax holiday for foreign firms using local data centers, announced by the Indian government in February, has further boosted confidence among overseas customers.

Yotta is also exploring innovative financing structures. These include partnerships where graphics processing units (GPUs) are purchased through special-purpose vehicles, with revenue shared, and ownership eventually transferred to Yotta after four to five years.