Blackstone Leads Up to $1.2B Funding in Neysa to Turbocharge India's Domestic AI Compute Infrastructure

Blackstone has backed Indian AI startup Neysa with up to $1.2 billion in financing to bolster domestic AI infrastructure.

The round comprises up to $600 million in primary equity from Blackstone and co-investors, plus another $600 million in planned debt financing.

Blackstone Secures Majority Stake in Neysa

Founded in 2023 by Sharad Sanghi, Neysa specializes in GPU-based platforms for training and deploying AI models locally.

Previously raising $50 million, Neysa currently operates around 1,200 GPUs across Mumbai, Bengaluru, and Chennai.

India's AI Compute Gap and Government Push

India deploys fewer than 60,000 GPUs amid surging demand from enterprises, researchers, and data sovereignty mandates.

Government incentives like zero taxes until 2047 aim to attract global AI workloads and reduce reliance on foreign providers.

The investment addresses supply constraints in specialized chips and data centers, critical for India's AI ecosystem growth.

Neysa's Ambitious Scaling Plans

Neysa targets over 20,000 GPUs and plans to triple capacity within a year using the fresh capital.

Funds will build large-scale GPU clusters, enhance R&D, and develop software for AI orchestration and security.

Executives anticipate tripling revenue next year, with long-term ambitions to expand beyond India.

Co-investors such as Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners join the round.