Economic Times Tech
7/2/2026
The original headline is: "Yotta Data Services in talks with PE funds to raise $1 billion"
Original: Yotta Data Services in talks with PE funds to raise $1 billion
Short summary
Yotta Data Services (Hiranandani group's data centre arm) is closing in on $1 billion from PE funds at a $3 billion valuation, selling 25-30% equity while simultaneously pursuing an Indian IPO. The parallel capital strategies reflect India's data centre sector explosion, powered by AI adoption and cloud infrastructure buildout. International and domestic investors are competing fiercely for positions in India's emerging AI infrastructure backbone.
- •Yotta Data Services raising $1B at $3B valuation from PE funds (25-30% stake)
- •Parallel Indian IPO being explored
- •India's data centre sector booming due to AI/cloud adoption with strong international investor interest
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