Blackstone Leads $1.2 Billion Investment In Indian AI Firm Neysa

Blackstone, as well as a group of co-investors, have entered into an agreement to invest in Neysa, an Indian artificial intelligence-oriented cloud platform. The entities have enabled a $1.2 billion capital raise to scale the country's digital infrastructure, Blackstone confirmed in a press release. The deal includes up to $600 million in equity capital from private equity funds affiliated with Blackstone and its partners. In lieu of this equity, Neysa plans to secure an additional $600 million in debt financing. Some of the other key equity participants include Teachers' Venture Growth, TVS Capital, 360 ONE Assets and Nexus Ventures. Founded in 2023, Neysa is a Mumbai-based firm which provides GPU-based AI infrastructure designed to help enterprises and government entities train and deploy AI workloads. Thanks to the fresh capital, the company will be able to deploy more than 20,000 GPUs across India, thus supporting the 'India AI Mission'. "This investment reinforces Blackstone's focus on backing the essential ‘picks and shovels' of AI globally," said Amit Dixit, Head of Asia Private Equity at Blackstone. He noted that India remains a key market for the firm's digital infrastructure theme.