Archive · 29 Jan 2026
Yotta Shifts IPO Strategy to India First
Yotta Data Services, a company that builds data centers and AI infrastructure, has changed its plans for going public.
Instead of listing on the Nasdaq in the US first, it will now prioritize an IPO in India.
The company's CEO, Sunil Gupta, said that Indian investors are very interested in digital and AI-related investments.
Yotta has the option to list in the US later.
The company's revenue has more than doubled, but it is still making a loss as it expands.
Gupta also called for more government funding for AI in India.
The data center and AI market in India is expected to grow significantly in the coming years.
Yotta Data Services is prioritizing a domestic IPO in India over a US listing on the Nasdaq.
The company's CEO, Sunil Gupta, cited strong domestic investor interest in digital infrastructure and AI as the reason for the shift.
Yotta retains the option to raise capital overseas in the future.
The company's revenue more than doubled to $49.2 million in FY24, but it still reported a net loss of $52.8 million.
Gupta called for a significant increase in government funding for the IndiaAI Mission, suggesting a budget of ₹50,000 crore.
- Who
- Yotta Data Services, a data center and AI infrastructure company
- What
- Shifting IPO strategy to prioritize a domestic listing in India
- When
- Next financial year for potential India IPO
- Where
- India, with potential future US listing
- Why
- Strong domestic investor appetite for digital infrastructure and AI-linked assets
- Company
- Yotta Data Services
- Current Plan
- India IPO first, US option open
- CEO
- Sunil Gupta
- Revenue FY24
- $49.2 million
- Net Loss FY24
- $52.8 million
- Projected Revenue FY25
- $156 million
- Projected Net Loss FY25
- $113.4 million
- IndiaAI Mission Budget Request
- ₹50,000 crore
