Blackstone announced that private equity funds affiliated with the firm, along with co-investors, have entered into definitive agreements to invest in Neysa, enabling a total capital raise of $1.2 billion to accelerate the buildout of AI infrastructure in India.
Blackstone and its co-investors have committed up to $600 million in equity capital. Based on that equity commitment, Neysa intends to secure an additional $600 million in debt financing, subject to documentation. The funding is expected to support Neysa’s plan to scale and deploy more than 20,000 GPUs across India, strengthening the country’s AI compute capacity.
Founded in 2023, Neysa designs and develops AI systems deployed and operated within India. The company delivers purpose-built, cost-effective GPU-based AI infrastructure that enables enterprises and institutions to train, fine-tune, and deploy AI workloads. Its customers span industries including financial services, technology, healthcare, and public services.
Blackstone will partner with Neysa’s Co-Founder and Chief Executive Officer, Sharad Sanghi, to accelerate the company’s next phase of growth. The investment aligns with Blackstone’s broader strategy of backing foundational AI infrastructure globally, particularly in high-growth markets such as India.
Blackstone has made significant investments in AI-enabling infrastructure worldwide, including QTS, AirTrunk, CoreWeave, and Firmus.
Additional equity investors in the Neysa transaction include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. DC Advisory served as lead financial advisor to Neysa, while KPMG advised Blackstone. Talwar Thakore & Associates acted as legal advisor to Neysa, and Trilegal and Gibson, Dunn & Crutcher served as legal advisors to Blackstone.
Blackstone manages about $1.3 trillion in assets under management across strategies, including real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.
KEY QUOTES
“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. 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.”
Amit Dixit, Head of Asia Private Equity at Blackstone
“Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates. We believe Neysa has the best management team in this space and look forward to partnering with Sharad and team to scale the business and support India’s innovation.”
Ganesh Mani, Senior Managing Director in Blackstone Private Equity
“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.”
Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa
