"Blackstone and co-investors, including Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners, have agreed to invest up to $600 million of primary equity in Neysa, giving Blackstone a majority stake, Blackstone and Neysa told TechCrunch. The Mumbai-headquartered startup also plans to raise an additional $600 million in debt financing as it expands GPU capacity, a sharp increase from the $50 million it had raised previously."
"The deal comes as demand for AI computing surges globally, creating supply constraints for specialized chips and data center capacity needed to train and run large models. Newer AI-focused infrastructure providers - often referred to as "neo-clouds" - have emerged to bridge that gap by offering dedicated GPU capacity and faster deployment than traditional hyperscalers, particularly for enterprises and AI labs with specific regulatory, latency, or customisation requirements."
""A lot of customers want hand-holding, and a lot of them want round-the-clock support with a 15-minute response and a couple of our resolutions. And so those are the kinds of things that we provide that some of the hyperscalers don't," said Neysa co-founder and CEO Sharad Sanghi."
Neysa secured primary equity funding of up to $600 million from Blackstone and co-investors and plans an additional $600 million in debt financing to expand GPU capacity. The startup previously raised $50 million and now targets rapid scale to meet rising domestic AI compute demand. Neysa positions itself as a customized, GPU-first infrastructure provider for enterprises, government agencies, and AI developers in India. Neysa offers hands-on customer support with rapid response SLAs that differentiate it from hyperscalers. Blackstone estimates India currently has fewer than 60,000 GPUs and expects that number to grow substantially.
Read at TechCrunch
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