Neysa to triple revenue by FY27; expect strong demand from AI firms, SaaS startups: Co-founder Sharad Sanghi

AI cloud services startup Neysa has secured $1.2 billion in a mix of debt and equity to accelerate its AI cloud and GPU infrastructure buildout in India, aiming to capitalize on surging demand from global and domestic technology companies. The company expects revenue to more than triple by the next fiscal year, supported by strong deal momentum and policy tailwinds, including a tax holiday for data center operators until 2047.

Funding to fuel rapid scale-up

The $1.2 billion raise is split evenly between $600 million in equity and $600 million in debt. The round is led by Blackstone, with participation from TVS Capital, 360 ONE Assets, and Nexus Ventures. The fresh capital creates a sizeable reserve to meet anticipated offtake from enterprises, fast-growing startups and unicorns, research and education institutions, as well as AI initiatives under the government’s IndiaAI Mission.

Revenue outlook and demand drivers

Co-founder and CEO Sharad Sanghi said the company is on track to more than triple revenue in the next fiscal, with upside potential if several large deals currently in negotiation close as planned. Demand is being propelled by:

• Enterprises modernizing infrastructure for AI-enabled workloads
• AI-first startups and unicorns scaling training and inference
• Research and education ecosystems expanding access to compute
• Government-backed programs under the IndiaAI Mission and centers of excellence
• Global SaaS and cloud providers tapping India for AI inference capacity, bolstered by long-term tax incentives

Neysa is also in discussions with coding platforms and leading US-based AI companies, including Perplexity, OpenAI, and Anthropic, as they expand R&D and enterprise AI operations in India.

GPU capacity to surge from 1,200 to 20,000

The majority of the new capital will be deployed to expand Neysa’s GPU cluster and high-performance storage, alongside continued investment in its software platform and go-to-market initiatives. Neysa plans to increase its installed base from roughly 1,200 GPUs today to about 20,000 over the next 18 months.

According to Sanghi, India’s installed GPU base is currently estimated at 50,000 to 60,000 units and could expand by roughly 30x to around 2 million within two to three years. Neysa intends to secure a meaningful share of that growth.

Market expansion with Blackstone’s global footprint

With Blackstone acquiring a majority stake, Neysa expects to leverage the firm’s data center portfolio, including access to AirTrunk facilities in select geographies. While the overwhelming domestic demand has delayed earlier global rollout plans, the company is preparing for expansion into Asian markets such as Malaysia and Japan, followed by select European geographies.

Offerings and platform strategy

Neysa provides GPU-as-a-Service, a cloud orchestration platform, and managed AI infrastructure solutions. Its Velocis cloud platform supports a growing catalog of AI models—spanning leading families like Llama, DeepSeek, Qwen, and Mistral, as well as GPT-OSS models—allowing customers to select the right models for training and inference based on specific use cases, cost, and performance requirements.

Company background and prior financing

Founded in 2024, Neysa is the second venture of Sharad Sanghi, former chairman of NTT India’s global data centers and cloud infrastructure business. He co-founded the company with CTO Anindya Das and Chairman B.V. Jagadeesh. Earlier in his career, Sanghi founded Netmagic Solutions, a data center services provider later acquired by NTT.

Before the latest round, Neysa raised $50 million co-led by NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners.

IndiaAI Mission participation

In September, Neysa was empanelled under the IndiaAI Mission as an approved cloud service provider, enabling it to supply GPUs to mission-linked programs. The company has executed multiple projects under the initiative and is awaiting results from a subsequent bidding round held on January 19.

Outlook

With a strengthened balance sheet, accelerating customer interest from AI-native companies and large enterprises, and favorable policy support, Neysa is positioning itself to scale rapidly. The planned GPU expansion, deepening product capabilities, and access to international data center capacity through its new investors put the company on a trajectory to significantly grow revenue by the next fiscal year and extend its footprint across Asia and beyond.