Global alternative asset manager Blackstone has finalised a structured investment in Mumbai-based AI cloud infrastructure startup Neysa, marking one of the most significant bets on India’s emerging AI infrastructure ecosystem to date. The transaction was reported by The Economic Times.
Under the deal, Blackstone will initially invest $50–75 million for a significant minority stake, with contractual rights to raise its holding to a controlling stake if Neysa achieves defined performance milestones. The transaction reportedly values Neysa at around $300 million, reflecting a milestone-linked, control-oriented structure suited to the capital-intensive and long-gestation nature of AI infrastructure businesses.
Blackstone already has exposure to India’s data centre sector through Lumina CloudInfra, its joint venture with Panchshil Realty.
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Founded in 2023 by Sharad Sanghi and Anindya D., Neysa offers GPU-driven cloud compute and software platforms to enterprises, startups, and government clients building large-scale AI applications. The company has raised about $50 million to date from investors including Z47, Nexus Venture Partners, Blume Ventures, and NTT.
With India’s data centre sector expected to attract over $50 billion in investment in the coming years, the deal highlights growing global institutional interest in AI-first, GPU-led cloud and data centre-backed platforms in the country.
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