India’s Yotta is targeting an initial public offering (IPO) in the January–March 2027 period and is seeking to raise up to $1.5 billion, according to reports.
The company, backed by the Hiranandani Group, says it plans to file draft IPO papers in October. The proceeds are intended to repay debt, purchase graphics processing units (GPUs), and expand its sovereign cloud infrastructure designed to keep data within national borders. This positioning ties the fundraising to growing demand for AI-related computing and data services.
Both outlets describe the same core timeline and funding goals. However, the emphasis differs slightly: one report highlights the company’s plan to use funds for specific infrastructure and repayment purposes, while the other frames the move in the broader context of the AI boom and the market opportunity for cloud and data capacity. Neither source provides additional financial figures or final approval details in the excerpts provided.
