Neysa Secures $1.2 Bn Led by Blackstone to Expand GPU Capacity in India

Neysa has secured commitments totalling $1.2 billion, with private equity investor Blackstone and other co-investors agreeing to invest in the AI infrastructure company.

Blackstone and co-investors will provide up to $600 million in equity capital. Neysa plans to secure an additional $600 million in debt financing, subject to documentation. The funding will support Neysa’s plan to deploy more than 20,000 GPUs in India.

Other equity investors in the transaction include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. With the fresh investment, Neysa’s valuation has jumped to $1.4 billion, according to an ET report.

Founded in 2023, Neysa operates an AI acceleration cloud platform delivering solutions to enterprises and government entities. The company builds and operates GPU-based AI infrastructure within India, allowing customers to train, fine-tune and deploy AI workloads. Its clients include organisations in financial services, technology, healthcare, and public services.

Neysa’s existing investors include Z47 (formerly Matrix Partners India), Nexus Venture Partners, Blume Ventures, and Japanese telecommunications holding company NTT. 

Amit Dixit, Head of Asia Private Equity at Blackstone, said the investment aligns with the firm’s strategy in India. “With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation,” he said in a statement.

Ganesh Mani, Senior Managing Director in Blackstone Private Equity, said the investment reflects the firm’s focus on digital infrastructure. “Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates,” he said.

Neysa Co-founder and CEO Sharad Sanghi said the funding would support India’s AI compute capacity. “We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination,” he said.

Blackstone affiliates have invested in AI-related infrastructure companies, including QTS, AirTrunk, CoreWeave, and Firmus.