Yotta Sets Sights on $4 Billion Valuation Pre-IPO
AI infrastructure startup Yotta Data Services is seeking a valuation of
around USD 4 billion ahead of its planned initial public offering (IPO),
according to media reports.
The
Mumbai-based company is aiming to raise approximately USD 500 million to USD
600 million in a pre-IPO funding round and may file its draft prospectus within
weeks, as per people familiar with the development.
Yotta, which operates large-scale data centre
infrastructure and runs one of India’s biggest clusters of Nvidia AI
processors, is also expected to raise a similar amount through the public
issue.
The
company is reportedly in discussions with multiple investment banks, including
the local arms of Nomura, Goldman Sachs, ICICI Securities and Kotak Securities,
to manage the IPO.
The
firm has also attracted interest from global investors, including sovereign
wealth funds such as Mubadala Investment Company, alongside Indian family
offices.
Yotta
is positioning itself as a domestic alternative in the AI infrastructure space,
amid India’s push to build sovereign capabilities in artificial intelligence
and compete with global technology leaders.
The
development comes as the company accelerates its expansion in AI compute
infrastructure and prepares for a public market debut, with India emerging as a
key hub for data centres and AI-driven investments.
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