Yotta Eyes India Listing to Capitalise on Growing AI Technology Wave

Yotta Data Services eyes India IPO in FY27, opens pre-IPO round to raise over Rs 4,000 crore

 Hiranandani Group-backed Yotta Data Services is planning to list on Indian stock exchanges in FY27, marking a strategic pivot from its earlier plan to go public on the US Nasdaq, chief executive Sunil Gupta said.

The company has initiated due diligence for a domestic listing and has opened discussions with investors for a pre-IPO funding round.

“We are in the process of doing diligence for a listing in India. We are open for a pre-IPO round right now. We’re in touch with HNIs, family offices and funds,” Gupta said, adding that while timelines are not fixed, the company is exploring a public listing in 2026–27.

He did not disclose the size of the fundraise. However, a person familiar with the matter said the company is looking to raise over Rs 4,000 crore through the pre-IPO round and is in talks with several investors.

Pivot from US to India

Yotta had earlier planned to list on the Nasdaq but did not complete the process. Gupta said the company initially intended to pursue listings in both markets, given its strong US technology partnerships.

However, improving investor sentiment and India’s expanding artificial intelligence ecosystem prompted a shift in strategy.

“It was a last-minute pivot,” Gupta said. “If we are getting a phenomenal response in India, sovereign AI taking shape and strong confidence that India can build this capability, why not raise it here? We can always go to the US later since we’ve already gone through the SEC approvals.”

Preparing for scale

The company is currently consolidating its Indian entities into a single structure as part of preparations for the listing.

Gupta said building AI infrastructure requires massive capital investment.

“What we have done so far is roughly a $1 billion investment across data centres and chips. But we will need several billion dollars more. To do that, I need to raise funds across the board, in India or the US, wherever investors are willing,” he said.

Expanding AI infrastructure

Yotta operates cloud and GPU computing services for enterprises. Its Shakti cloud platform currently hosts more than 16,000 Nvidia H100 GPUs.

Last year, the company announced plans to invest $1.5 billion to procure additional Nvidia chips, including 8,000 Blackwell B200 GPUs, to strengthen its AI computing capabilities.

The scale of these investments, Gupta said, makes access to public markets critical.

With rising demand for AI infrastructure and government-backed initiatives such as the IndiaAI Mission, the company sees strong domestic opportunities to support its next phase of growth.