Private equity funds affiliated with Blackstone and co-investors have signed definitive agreements to back AI infrastructure platform Neysa, enabling a capital raise of up to USD 1.2 billion (~INR 10,880 crore) at an enterprise valuation of around USD 1.4 billion (~INR 1,270 crore), according to a report. The report indicated that the round would give Blackstone a majority stake in the firm.
Neysa: Funding Structure & Investors
Blackstone and co-investors will provide up to USD 600 million (~INR 5,441 crore) in primary equity, with Neysa planning to raise an additional USD 600 million via debt, subject to documentation. Other equity participants include Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners.
Neysa—founded in 2023 by data-centre veteran Sharad Sanghi—builds and operates GPU‑based “AI acceleration cloud” capacity for enterprises and public institutions. The company said funds will accelerate a planned deployment of more than 20,000 GPUs in India to support training, fine‑tuning and inference workloads.
“Digital infrastructure is one of our highest-conviction investment themes globally,” said Ganesh Mani, Senior Managing Director, Blackstone Private Equity, adding that the investment positions Neysa to play a meaningful role in advancing AI infrastructure in India.
“Neysa is focused on delivering the execution layer of sovereign compute in alignment with the goals of the IndiaAI Mission,” said Sharad Sanghi, Co‑founder and CEO, noting that the platform aims to give “performance certainty and data assurance” to enterprises and global AI labs operating in India.
Valuation, Scale and Policy Backdrop
While there is no official comment from the companies on valuation, some reports is suggesting Neysa’s enterprise value pegged at ~USD 1.4 billion and called the transaction among the largest AI‑infrastructure financings in India to date.
Blackstone highlighted its broader global bets on the “picks and shovels” of AI—including data-centre platforms QTS and AirTrunk and specialized cloud firm CoreWeave—as context for the Neysa investment. In India, the firm has also been scaling out digital‑infrastructure capacity, including a planned hub in Chennai, underscoring its push to address rising AI‑led compute demand.
Key Takeaway
- Neysa-Blackstone Deal size: Up to USD 1.2 billion (INR 10,880 crore) via equity and debt.
- Equity commitment: Up to USD 600 million from Blackstone and co‑investors.
- Debt component: About USD 600 million, subject to documentation.
- Blackstone to hold a majority stake in Neysa, according to reports.
- Scale-up plan: Deploy 20,000+ GPUs for AI workloads in India.
- Co-investors: Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, Nexus Venture Partners.
Bottom Line: The Blackstone‑led financing puts the company on a fast track to add sovereign‑grade AI compute in India at scale, even as policy support and cloud adoption deepen the addressable market. Execution on the debt tranche and rapid GPU procurement will be key near‑term variables to watch.
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