Blackstone has concluded a structured investment agreement with Mumbai-based AI cloud infrastructure startup Neysa, marking one of the most notable institutional bets on India’s rapidly emerging AI infrastructure ecosystem. The transaction, reported by The Economic Times, signals strong global investor confidence in GPU-led cloud platforms and data centre-backed AI businesses, and could eventually result in Blackstone acquiring a controlling stake in the company.
Under the terms of the deal, Blackstone will initially invest between $50 million and $75 million to acquire a significant minority stake in Neysa. The agreement includes contractual provisions that allow the US-based alternative asset manager to raise its ownership to a majority stake, contingent on Neysa achieving predefined operational and business milestones. The transaction reportedly values Neysa at approximately $300 million and is notable for its milestone-linked, control-oriented structure. This approach reflects the capital-intensive nature of AI infrastructure and the long investment horizons typically associated with building large-scale compute and data centre platforms.
The investment also aligns with Blackstone’s broader strategy in India’s digital infrastructure space. The firm already has exposure to the country’s data centre sector through Lumina CloudInfra, its joint venture with Panchshil Realty. The Neysa deal extends this footprint into AI-first cloud infrastructure, an area seeing accelerating demand as enterprises and governments scale artificial intelligence workloads.
Founded in 2023 by industry veterans Sharad Sanghi and Anindya D., Neysa focuses on providing GPU-driven cloud compute and AI software platforms tailored for enterprises, startups, and public sector organisations. Its offerings are designed to support large-scale AI model training, inference, and deployment, addressing a growing need for high-performance, locally available compute capacity in India.
Neysa has attracted a strong set of early investors, including Z47, Nexus Venture Partners, Blume Ventures, and NTT, and has raised around $50 million prior to the Blackstone transaction. The company’s rapid progress has positioned it as a key player in India’s AI infrastructure landscape.
With India’s data centre market expected to draw more than $50 billion in investments over the coming years, the deal highlights how global capital is moving early to secure exposure to AI-native infrastructure platforms. Blackstone’s structured approach underscores a long-term view on the sector, as AI adoption drives sustained demand for scalable, GPU-rich cloud and data centre assets across the country.
