Yotta Plans IPO Soon to Meet Growing AI Demand, Says CEO
Data center operator Yotta Data Services Pvt is preparing for an initial public offering (IPO) in the near future as it seeks capital to meet surging demand for artificial intelligence services. The company's chairman, Darshan Hiranandani, stated that discussions are underway and emphasized the need to expand infrastructure rapidly due to overwhelming client interest. Yotta operates India’s largest cluster of Nvidia chips and is targeting a valuation of up to $6 billion. The IPO could raise as much as $900 million, with plans for global expansion supported by India's growing digital population and government tech initiatives. The company expects its dollar-denominated revenue share to rise significantly in the coming year due to increased international demand. Yotta aims to expand capacity to 400 megawatts within 12–18 months.
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Topics: AI demand data centers India market IPO