en.Wedoany.com Reported - Indian data center operator Yotta Data Services is seeking to raise $1 billion by selling up to a 30% stake, valuing the company at approximately $3 billion.
The company has hired Kotak Mahindra Capital as an advisor and expects to receive initial bids within the next few weeks. Yotta is also exploring an initial public offering (IPO) in India, but discussions remain at an early stage, and the company has no plans for an overseas listing.
Founded in 2019, Yotta Data Services is a subsidiary of Mumbai-based Hiranandani Group. It operates large data centers near Mumbai and Delhi, providing artificial intelligence cloud and managed services. The company is making significant investments, planning to spend over $2 billion to deploy 20,736 NVIDIA Blackwell Ultra GPUs in the near term, with a target of owning more than 80,000 GPUs by the end of this fiscal year.
Driven by growing AI demand and an influx of global investors such as Blackstone and Brookfield, India's data center capacity is booming, growing from just 296 megawatts in 2016 to over 1.6 gigawatts by the end of 2025.
