Neysa to deploy over 20,000 GPUs in India with Blackstone-led $1.2 billion funding

Equity and debt financing to expand AI compute capacity.

Mumbai-based AI cloud sytem provider Neysa has raised $1.2 billion in Blackstone-led funding to expand its AI infrastructure in India.

Blackstone and co-investors have committed up to $600 million in equity capital. Based on this, Neysa intends to secure an additional $600 million of debt financing, subject to documentation.

The funding will support Neysa’s planned scale-up and deployment of over 20,000 GPUs in India.

DC Advisory served as lead financial advisor to Neysa, while KPMG acted as financial advisor to Blackstone.

Founded in 2023, Neysa delivers solutions to enterprises and government entities. It designs and develops AI systems that are deployed and operated within India.

It provides purpose-built and cost-effective GPU-based AI infrastructure that enables enterprises and institutions to train, fine-tune and deploy AI workloads.

Its customers span financial services, technology, healthcare and public services.

This funding is relevant especially in times when India sharpens its focus on sovereign AI and domestic compute capacity in early 2026.

With policy momentum around the IndiaAI Mission and local GPU clusters, the ability to deploy over 20,000 GPUs within the country directly addresses concerns around dependence on global hyperscalers, data residency and control over critical AI workloads.

Deploy and scale reliable AI infrastructure in India

Blackstone will partner with Neysa’s co-founder and chief executive officer, Sharad Sanghi, to accelerate the company’s growth.

Commenting on the development, Sanghi said: “India’s AI ambition requires production grade infrastructure built and operated at scale. 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. 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.”

“With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination. This investment is especially meaningful as it coincides with the AI Impact Summit, reflecting growing global engagement with India’s AI compute landscape,” he added.

Other equity investors in the transaction include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Ventures.

Blackstone’s head of Asia private equity, Amit Dixit, said over the past two decades, the company has been committed to building businesses that build India, and this investment brings that to life.

Blackstone is focused on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone.

“With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation,” Dixit added.

Talwar Thakore & Associates is serving as legal advisor to Neysa. Trilegal and Gibson & Dunn are serving as legal advisors to Blackstone.