Blackstone is set to lead an equity investment of up to $600m in Indian artificial intelligence cloud start-up Neysa, according to a report by Bloomberg, as the firm steps up its exposure to AI-driven digital infrastructure.
Alongside the equity raise, Neysa plans to secure $600m in debt financing alongside the equity raise, with the combined capital earmarked to deploy more than 20,000 graphics processing units across India to support AI training and high-performance computing applications. The investment was announced as India hosts its AI Impact Summit.
Blackstone said the transaction would support Neysa’s expansion and help accelerate the adoption of AI technologies by businesses and public sector institutions. The firm will partner with Neysa co-Founder and Chief Executive Sharad Sanghi to drive the next phase of growth. Other investors in the consortium include Teachers’ Venture Growth, TVS Capital, 360 ONE and Nexus.
Founded in 2023, Neysa provides GPU-based AI infrastructure to clients across financial services, technology, healthcare, and the public sector. The company operates in a competitive and fast-growing market that includes telecom and data-centre players such as Bharti Airtel, as India pushes to build domestic AI capacity.
