Yotta Data Services
Indian hyperscale data-center and sovereign AI cloud provider (Shakti Cloud), Hiranandani Group; deploying NVIDIA Blackwell Ultra; IPO planned.
yotta.com · Record collected 25 Sept 2026
Profile from NeoCloud Observatory research (snapshot 2026-09-25); every figure links to its original source.
Profile
- Headquarters
- India
- Founded
- 2019
- Ownership
- private
- Operating regions
- Asia-Pacific
- Deployment model
- sovereign ai cloud, wholesale datacenter capacity
- GPU vendors
- NVIDIA
- GPU generations
- NVIDIA Blackwell Ultra
- Networking
- Not yet recorded
- Storage
- Not yet recorded
- Cooling
- Liquid cooling
- Energy strategy
- Not yet recorded
- Platform / control plane
- Shakti Cloud
- Business model
- India sovereign AI.
- Differentiation
- Not yet recorded
Sources: CNBC — India's Yotta to build $2 billion AI hub with Nvidia GPUs, plans IPO, BigGo Finance — India's Yotta Data Services Targets Up to $900 Million in Upcoming IPO
Capacity register
Each sourced figure with its maturity and MW type. Figures of different types are not added together.
| MW | Maturity | MW type | As of | Status & source |
|---|---|---|---|---|
| 180 | announced | unspecified | 27 Feb 2026 | Announced Confidence: medium
Source: CNBC — India's Yotta to build $2 billion AI hub with Nvidia GPUs, plans IPO |
Disclosed customer contracts
| Customer | Value | Basis | Term | Date | Status & source |
|---|---|---|---|---|---|
| NVIDIAvendor | $1.0B | Total contract value | 4 yr | 27 Feb 2026 | signed >$1B four-year DGX Cloud engagement. Source: CNBC — India's Yotta to build $2 billion AI hub with Nvidia GPUs, plans IPO |
Financing & M&A
| Date | Type | Amount | Detail |
|---|---|---|---|
| 1 Jun 2026 | ipo | $900.0M | Yotta Data Services — IPO (planned, up to $900M) (reported discussion) Source: BigGo Finance — India's Yotta Data Services Targets Up to $900 Million in Upcoming IPO |
Neocloud Observatory
Evidence-scored analysis
Category B · Vertically Integrated AI Infrastructure · data quality 50.7/100 · snapshot 25 Sept 2026
Capacity by maturity (MW)
Each stage is reported separately and never added together. Announced GPUs never count as operational.
- Operational Unknown
- Under construction Unknown
- Contracted Unknown
- Secured Unknown
- Announced Unknown
- Stated pipeline Unknown
- Company target 180 MW
- GPUs operational
- Unknown
- GPUs contracted
- Unknown
- GPUs announced
- 20,736
GPU platforms: B300 (Blackwell Ultra) · NVIDIA B300 (liquid-cooled)
Financial position
- Annualised revenue
- Unknown
- Revenue growth (YoY)
- Unknown
- Backlog
- Unknown
- Disclosed contract value
- $1B
- Valuation
- Unknown
- Equity raised (captured)
- Unknown
- Debt raised (captured)
- Unknown
- Total debt (reported)
- Unknown
- Hyperscaler credit supportnot cash raised
- Unknown
Largest disclosed customer: nvidia · 100% of disclosed contract value
Scorecard
score-v1.0 · 0–100 · scores with under 34% evidence coverage stay empty
Business Model Quality 39 evidence coverage 75%
- contracted revenue model: 45 (weight 0.4) — spot/on-demand oriented
- model diversity: 44 (weight 0.2) — sovereign_ai_cloud, wholesale_datacenter_capacity
- margin: unknown (weight 0.25) — no margin data
- software upside: 15 (weight 0.15) — 1 software layers
Capital Access Insufficient evidence evidence coverage 0%
- total capital raised: unknown (weight 0.3) — UNKNOWN equity+debt captured
- raised last 12m: unknown (weight 0.25) — UNKNOWN in 12m
- valuation: unknown (weight 0.2) — no valuation UNKNOWN
- strategic backers: unknown (weight 0.15) — 0 investors known
- cost of debt: unknown (weight 0.1) — no rate disclosed
Competitive Moat 53 evidence coverage 80%
- physical control: 100 (weight 0.3) — power/land/DC control
- software depth: 16 (weight 0.25) — 1 software layers
- contracted lock in: 33 (weight 0.25) — backlog/contract value $1.00B
- operational reputation: unknown (weight 0.2) — not rated
Concentration Risk (higher = riskier) 96 evidence coverage 100%
- top customer share: 100 (weight 0.8) — top customer ≈100%
- few customers: 80 (weight 0.2) — 1 disclosed customers
Customer Diversification 8 evidence coverage 100%
- top customer share: 0 (weight 0.6) — top customer ≈100% of disclosed value
- distinct customers: 20 (weight 0.4) — 1 disclosed customer relationships
Customer Quality 37 evidence coverage 100%
- hyperscaler or lab: 40 (weight 0.5) — 1 disclosed customers
- contracted value: 33 (weight 0.5) — disclosed contract value $1.00B
Execution Risk (higher = riskier) Insufficient evidence evidence coverage 30%
- build to operating ratio: unknown (weight 0.45) — 0 MW to build vs 0 MW operating
- soft pipeline share: unknown (weight 0.25) — 0 MW secured/announced/speculative
- organisational youth: 16 (weight 0.3) — founded 2019
Financial Durability Insufficient evidence evidence coverage 10%
- revenue scale: unknown (weight 0.3) — annualised revenue UNKNOWN (n/a)
- net margin: unknown (weight 0.2) — no margin data
- cash: unknown (weight 0.2) — cash UNKNOWN
- backlog coverage: unknown (weight 0.2) — no backlog/revenue
- public disclosure: 40 (weight 0.1) — private
Financial Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- losses: unknown (weight 0.3) — no margin data
- debt to revenue: unknown (weight 0.3) — no debt/revenue data
- reliance on new capital: unknown (weight 0.25) — n/a
- revenue scale inverse: unknown (weight 0.15) — revenue UNKNOWN
Geographic Position 45 evidence coverage 100%
- countries: 18 (weight 0.6) — India
- sovereign positioning: 85 (weight 0.4) — sovereign AI positioning
GPU Supply Position 70 evidence coverage 60%
- gpu fleet and contracted: unknown (weight 0.4) — 0 GPUs operational+contracted
- vendor relationship: 50 (weight 0.3) — no strategic vendor tie evidenced
- latest generation: 90 (weight 0.3) — B300 (Blackwell Ultra), NVIDIA B300 (liquid-cooled)
Growth Momentum Insufficient evidence evidence coverage 20%
- revenue growth yoy: unknown (weight 0.4) — no growth data
- capacity momentum: unknown (weight 0.25) — 0 MW contracted/under construction
- recent major events: 0 (weight 0.2) — 0 major confirmed events in 180d
- capital raised 12m: unknown (weight 0.15) — raised UNKNOWN in 12m
Infrastructure Execution Insufficient evidence evidence coverage 0%
- delivered projects: unknown (weight 0.4) — 0/0 tracked projects (partially) operational
- operational share of hard mw: unknown (weight 0.4) — 0 of 0 hard MW operational
- building now: unknown (weight 0.2) — 0 under construction
Management Execution Insufficient evidence evidence coverage 30%
- delivered capacity: unknown (weight 0.5) — 0 MW delivered to date
- milestones 180d: 0 (weight 0.3) — 0 confirmed major milestones (180d)
- disclosure discipline: unknown (weight 0.2) — private
Operational Capacity Insufficient evidence evidence coverage 0%
- operational mw: unknown (weight 0.65) — operational MW UNKNOWN
- operational gpus: unknown (weight 0.35) — operational GPUs UNKNOWN
Power Pipeline Quality Insufficient evidence evidence coverage 20%
- weighted pipeline mw: unknown (weight 0.5) — ladder-weighted 0 MW
- hard share: unknown (weight 0.3) — no MW data
- physical power control: 100 (weight 0.2) — physical-layer control 100/100
Software Platform Maturity 44 evidence coverage 75%
- software layers: 16 (weight 0.5) — cloud_api
- software control: 100 (weight 0.25) — software-layer control 100/100
- independent rating: unknown (weight 0.25) — not rated
Strategic Partnerships 30 evidence coverage 40%
- vendor equity: unknown (weight 0.4) — no vendor equity evidenced
- hyperscaler ties: 30 (weight 0.4) — none evidenced
- exemplar or rating: unknown (weight 0.2) — n/a
Technical Differentiation 50 evidence coverage 70%
- differentiators: 50 (weight 0.7) — liquid/immersion cooling, controls power/land
- independent rating: unknown (weight 0.3) — not rated
Technical Strength Insufficient evidence evidence coverage 25%
- independent rating: unknown (weight 0.45) — not rated
- exemplar cloud: unknown (weight 0.15) — n/a
- fabric evidence: unknown (weight 0.15) — fabric UNKNOWN
- stack documentation: 36 (weight 0.25) — 3 technology layers evidenced
Vertical Integration Insufficient evidence evidence coverage 0%
- stack control: unknown (weight 1) — 4 of 12 layers evidenced; 8 UNKNOWN
Career Opportunity 40 evidence coverage 26%
- growth momentum: unknown (weight 0.2) — Growth Momentum
- capital access: unknown (weight 0.15) — Capital Access
- technical strength: unknown (weight 0.12) — Technical Strength
- software platform maturity: 44 (weight 0.12) — Software Platform Maturity
- power pipeline quality: unknown (weight 0.1) — Power Pipeline Quality
- geographic position: 45 (weight 0.06) — Geographic Position
- strategic partnerships: 30 (weight 0.08) — Strategic Partnerships
- hiring: unknown (weight 0.07) — open roles (public boards)
- inv financial risk: unknown (weight 0.1) — 100 - financial risk
Data Quality 51 evidence coverage 47%
- dq coverage: unknown (weight 0) — 0.471
- dq avg confidence: unknown (weight 0) — 0.675
- dq primary source pct: unknown (weight 0) — 0.0
- dq freshness days: unknown (weight 0) — 0
- dq conflicts: unknown (weight 0) — 0
- dq missing count: unknown (weight 0) — 9
Worth Investigating? (not investment advice) 39 evidence coverage 34%
- growth momentum: unknown (weight 0.18) — Growth Momentum
- technical differentiation: 50 (weight 0.12) — Technical Differentiation
- customer quality: 37 (weight 0.12) — Customer Quality
- power pipeline quality: unknown (weight 0.12) — Power Pipeline Quality
- capital access: unknown (weight 0.12) — Capital Access
- strategic partnerships: 30 (weight 0.1) — Strategic Partnerships
- technical strength: unknown (weight 0.08) — Technical Strength
- infrastructure execution: unknown (weight 0.08) — Infrastructure Execution
- operational capacity: unknown (weight 0.08) — Operational Capacity
- novelty bonus: 0 (weight 0.3) — company ≤3 years old
Overall Scale Potential Insufficient evidence evidence coverage 20%
- power pipeline quality: unknown (weight 0.3)
- capital access: unknown (weight 0.25)
- customer quality: 37 (weight 0.2)
- operational capacity: unknown (weight 0.15)
- vertical integration: unknown (weight 0.1)
Overall Survival Probability (5y, %) 57 evidence coverage 3%
- model: unknown (weight 1) — logistic(durability, capital access, customer quality, risks)
Forecasts (rule-based, P10–P90)
Insufficient evidence to forecast.
Stored in an immutable prediction ledger and scored against reported outcomes when they fall due. Predictions, not facts.
Outcome probabilities
| Outcome | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|
| Remain independent | 75% | 52% | 32% | 0% |
| Acquired | 11% | 21% | 30% | 43% |
| Merge | 3% | 6% | 9% | 14% |
| Fail | 11% | 21% | 30% | 43% |
| IPO | 4% | 8% | 12% | 18% |
| Acquire another company | 4% | 8% | 12% | 18% |
| Financial distress | 8% | 15% | 22% | 34% |
| Major cloud scale (≥2 GW operational or ≥$10B revenue) | 0% | 0% | 0% | 0% |
| Remain niche | 89% | 79% | 70% | 57% |
| Strategic pivot | 10% | 15% | 20% | 30% |
| Exit AI infrastructure | 1% | 2% | 3% | 5% |
Ownership outcomes (independent, acquired, merge, fail) sum to 100% at each horizon; the others are independent events.
Vertical-integration stack
- energy UNKNOWN No evidence captured (unknown)
- land OWNED Hiranandani parks. (inferred)
- data center OWNED Hyperscale DCs. (inferred)
- power cooling UNKNOWN No evidence captured (unknown)
- gpu hardware OWNED (inferred)
- network UNKNOWN No evidence captured (unknown)
- storage UNKNOWN No evidence captured (unknown)
- bare metal UNKNOWN No evidence captured (unknown)
- orchestration UNKNOWN No evidence captured (unknown)
- cloud api OWNED Shakti Cloud. (inferred)
- ai platform UNKNOWN No evidence captured (unknown)
- managed ai UNKNOWN No evidence captured (unknown)
Not yet sourced: revenue, revenue run rate, power mw.operational, power mw.contracted, cash, total funding, employees, profile.ceo, stack control.
Timeline
-
1 Jun 2026 · ipo
Yotta Data Services — IPO (planned, up to $900M) (reported discussion)
Source: BigGo Finance — India's Yotta Data Services Targets Up to $900 Million in Upcoming IPO -
27 Feb 2026 · announcement
Yotta to deploy 20,736 Blackwell Ultra GPUs ($2B) and signs >$1B NVIDIA DGX Cloud deal
Source: CNBC — India's Yotta to build $2 billion AI hub with Nvidia GPUs, plans IPO
Recent coverage
Updated 1 Nov 2026, 11:54 UTC
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