A group of investors led by Blackstone Group plans to make an equity investment of up to $600 million in Indian artificial intelligence cloud startup Neysa. In addition to this equity financing, Neysa will seek an additional $600 million in debt financing, according to a statement released on Monday. The company plans to use the funds to deploy more than 20,000 graphics processing units (GPUs) in India for artificial intelligence training and high-performance application scenarios.
The news comes as the India AI Impact Summit opens. The summit brings together AI industry leaders, government officials and investors to discuss the future development direction of the technology and showcase local innovative companies. For Prime Minister Narendra Modi, the summit is an important opportunity to promote India's competitiveness in the global artificial intelligence race.
Ganesh Mani, senior managing director of Blackstone's private equity business, said in a statement: "This investment will allow Neysa to play an important role in promoting the construction of artificial intelligence infrastructure in India and help enterprises and public institutions deploy AI technology more efficiently."
The statement stated that Blackstone Group has performed well in AI investments in 2025 and plans to cooperate with Neysa co-founder and CEO Sharad Sanghi to accelerate the company’s development. Other investors in the consortium include Teachers' Venture Growth, TVS Capital, 360 ONE and Nexus.
According to people familiar with the matter in November, Blackstone was one of the first investors to participate in negotiations and plan to acquire Neysa shares. The group is active in the field of global digital infrastructure, and its investment targets include QTS, AirTrunk, CoreWeave Inc. With Firmus et al.
Founded in 2023, Neysa designs and develops artificial intelligence systems locally in India, providing GPU-based AI infrastructure for financial services, technology, healthcare and public sector enterprises. Bloomberg Intelligence analyst Chris Mulkenstrum pointed out that Neysa faces competition from companies such as Bharti Airtel, which aims to occupy a quarter of India's fast-growing data center market.
DC Advisory serves as Neysa's chief financial advisor, while KPMG provides financial advisory to Blackstone. Talwar Thakore & Associates is providing legal services to Neysa, while Trilegal and Gibson & Dunn are providing legal services to Blackstone.