Yotta Data Services, the AI infrastructure and data centre company backed by the Hiranandani Group, has raised approximately $150 million from non-institutional investors at a valuation of about ₹37,000 crore, as it looks to strengthen its balance sheet ahead of the next phase of expansion.
“Over the last few months, we have successfully raised approximately $150 million from non-institutional investors at a valuation of around ₹37,000 crore,” the company said in a statement. “There has been no promoter offer for sale as part of this fundraise, and all capital raised is being deployed into the company to accelerate growth.” Yotta added that it continues to evaluate interest from long-term institutional investors.
The company said its valuation is driven by business fundamentals, long-term contracted revenues, and execution visibility, and expects it to strengthen further as it expands AI infrastructure capacity and adds new customer contracts. Yotta plans 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 — a build-out it says would make it one of the world’s largest AI compute platforms outside the US and China.
Founded in 2019 by Sunil Gupta and Darshan Hiranandani, Yotta continues to support sovereign cloud and AI initiatives in India while increasingly serving global AI model builders and inference providers. The raise arrives as the company pursues an aggressive, capital-intensive GPU build-out ahead of a planned IPO, positioning itself as a domestic alternative to global hyperscalers Amazon, Google and Microsoft.
