Indian AI Infra Startup Neysa to Raise $1.2 Bn to Deploy Over 20,000 GPUs

Mumbai-based AI infrastructure startup Neysa has secured a major capital infusion led by Blackstone as it ramps up domestic computing capacity. Blackstone and co-investors—including Teachers’ Venture Growth, TVS Capital, 360 ONE Asset and Nexus Venture Partners—have committed up to $600 million in primary equity, a deal that will give Blackstone a majority stake in the company.

The funding round marks one of the largest recent investments in India’s emerging AI infrastructure sector. Neysa is also preparing to raise an additional $600 million in debt financing, taking its total planned capital stack to roughly $1.2 billion as it accelerates GPU and data-centre expansion.

The combined equity and debt funding is aimed at rapidly scaling compute capacity to meet surging demand from enterprises, developers and government agencies seeking locally hosted AI infrastructure.

Neysa builds and runs GPU-centric AI infrastructure that allows enterprises, researchers and public-sector organisations to train, fine-tune and deploy models within India. The company currently operates about 1,200 GPUs and plans a rapid scale-up, targeting more than 20,000 deployed units as demand for local AI compute accelerates.

"When we started Neysa, our belief was simple: India would need production-grade AI infrastructure built and operated at scale within its own regulatory framework. That need is now visible across enterprises, research institutions and public systems as AI moves into core operations."

"This capital allows us to deepen our AI-native platform and expand capacity in India, including the planned deployment of over 20,000 GPUs over time. The work ahead is about execution, resilience and long-term platform building," Neysa co-founder and CEO Sharad Sanghi said.