Yotta Data Eyes $4 Billion Valuation Ahead of IPO: Soon to File DRHP

Yotta Data Services Pvt., the Indian data centre operator running the country’s largest cluster of Nvidia AI processors, is preparing to raise fresh capital at a valuation of approximately $4 billion as it readies its draft prospectus for an initial public offering (IPO).

The Mumbai-based company aims to secure around $500–600 million in pre-IPO funding and file its formal listing documents in the coming weeks as per news reports

IPO Management and Approvals

The company is in talks with multiple banks to manage the IPO, including the local arms of Nomura Holdings and Goldman Sachs, as well as ICICI Securities and Kotak Securities, as mentioned in the news reports. Yotta has already received in-principle approval for the listing and is awaiting final clearance from the Securities and Exchange Board of India (SEBI).

Investor Interest and Fundraising Targets

Potential investors in the pre-IPO round include sovereign wealth funds such as Mubadala Investment Co. and family offices of prominent Indian billionaires. Earlier reports indicated Yotta had initially targeted $1.2 billion in pre-IPO fundraising, according to CEO Sunil Gupta.

Also Read: Upcoming IPO: SBI Funds Management Filed DRHP with SEBI

Global AI Investment 

Yotta’s expansion comes amid a surge in AI and data centre investment worldwide. Companies ranging from OpenAI to CoreWeave Inc. and Nebius Group NV are pouring unprecedented capital into computing capacity. Among the hyperscalers, Amazon, Alphabet, Microsoft, and Meta plan a combined $650 billion in capital expenditures this year to secure leadership in AI infrastructure.

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