IPO
Hiranandani Group’s Yotta Data Services in talks to raise $1-B
Mumbai-based Yotta Data Services is in talks with global and domestic private equity funds to raise approximately USD 1 Billion to fund its expansion plans. The company is looking to sell a 25% to 30% stake at a valuation of USD 3 Billion. Kotak Mahindra Capital is acting as the advisor to the transaction.Founded in 2019, Yotta is the data centre unit of the realty-focused Hiranandani Group. The firm operates hyperscale data centre campuses in Navi Mumbai and Greater Noida, providing AI cloud, sovereign cloud, co-location, and managed infrastructure services. It plans to use the capital to scale its artificial intelligence infrastructure, including the deployment of over 80,000 Nvidia Blackwell Ultra GPUs by the end of the current fiscal year.Yotta is also exploring plans for an initial public offering in India.
In Jun 2026, Yotta Data Services had attracted funding from Cornerstone Venture Partners.For FY25, Yotta Data Services had reported about INR 891 Cr in Operating Income and about INR 11 Cr in PAT.
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