A consortium of investors comprising Blackstone has agreed to invest an equity capital of up to $600 million in Nesya, an India-based cloud startup.
The company plans to secure an additional $600 million in debt financing, subject to documentation, per a statement on Monday. Other equity investors participating in the transaction include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures.
Founded in 2023, Neysa provides GPU-based AI infrastructure that allows enterprises and institutions to train, fine-tune, and deploy AI workloads domestically, serving sectors including financial services, technology, healthcare and public services. The funding will support deployment of more than 20,000 GPUs across India as the country accelerates development of domestic AI capabilities.
“Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone,” said Amit Dixit, head of Asia private equity at Blackstone.
“Neysa is focused on delivering the execution layer of sovereign compute, and AI research enablement and adoption in alignment with the goals of IndiaAI Mission,” said Sharad Sanghi, co-founder of Neysa. “We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India.”
Blackstone has been an active investor in AI-related infrastructure globally, including data centre companies such as QTS, AirTrunk, cloud provider CoreWeave, and Australia-based AI infrastructure firm Firmus.
DC Advisory advised Neysa on the transaction, while KPMG advised Blackstone. Legal advisors included Talwar Thakore & Associates for Neysa and Trilegal alongside Gibson & Dunn for Blackstone.
The deal highlights growing investor interest in AI-linked companies across the Asia-Pacific region. EQT in February led a $20-million funding round for Kasada, an Australia-founded cybersecurity firm specialising in bot mitigation and online fraud prevention, as demand rises alongside rapid advances in AI.
