80,000 Nvidia GPUs, $12 Billion: Yotta’s IPO Story Gets Bigger

Kalpana Kanungo - Mumbai Bureau Sep 11, 2026 2,600 Views

IPO-bound Yotta Data Services has announced a $12 billion plan to procure 40,000 Nvidia GB300 and 40,000 Vera Rubin chips for its data centers in Navi Mumbai and Greater Noida. The massive AI infrastructure push aligns with the company's target to raise $1.5 billion through an early 2027 public listing.

MUMBAI/NEW DELHI — Yotta Data Services, a prominent data center operator and subsidiary of the Hiranandani Group, has outlined a multi-billion dollar capital expenditure program to procure advanced hardware from Nvidia Corporation. According to corporate disclosures, the company is planning an investment exceeding $12 billion to acquire next-generation chips, positioning itself as a primary hub for domestic and international artificial intelligence workloads.

The multi-phase procurement strategy is designed to support soaring enterprise demand for sovereign cloud capacity and high-performance computing. The announcement coincides with Yotta’s preparations for an upcoming initial public offering (IPO) targeted for early 2027, through which the firm intends to raise up to $1.5 billion via primary funding and a public share issuance.

Deploying Vera Rubin and GB300 Architectures

Under the expansion roadmap, Yotta aims to deploy approximately 40,000 Nvidia GB300 graphics processing units at its NM2 data center facility in Navi Mumbai, an 80-megawatt installation. Additionally, the company is initiating construction on its D4 campus in Greater Noida, a 120-megawatt facility engineered to house around 40,000 next-generation Nvidia Vera Rubin chips.

These deployments build upon Yotta's existing operational base, which already features tens of thousands of deployed Nvidia GPUs backed by previous multi-million dollar investments. Company executives noted that the massive hardware influx will significantly elevate India’s domestic computing capacity, catering to global clients, research institutions, and enterprise tech firms seeking scalable AI infrastructure.

According to corporate press announcements, executive briefings, and financial disclosures:

Total Planned Outlay: Exceeds $12 billion allocated toward next-generation hardware procurement.
Chip Allocation: Procurement includes ~40,000 Nvidia GB300 chips for Navi Mumbai and ~40,000 Vera Rubin chips for Greater Noida.
IPO Timeline: Targeting a public offering in early 2027 to raise up to $1.5 billion, with draft papers expected soon.
Valuation Target: Pre-IPO and public rounds target an estimated valuation of up to $6 billion.

Official Sources Section

Yotta Data Services Corporate Newsroom: Official capital expenditure announcements, infrastructure specifications, and GPU deployment schedules.
BSE India Corporate Filings: Statutory disclosures, pre-IPO financing notices, and parent-company investor briefs.

Quote Section

"According to Yotta co-founder, managing director, and CEO Sunil Gupta, the company is fitting out its Navi Mumbai and Greater Noida data center campuses to house tens of thousands of next-generation Nvidia GB300 and Vera Rubin chips, solidifying its position as a major AI compute provider."

Why It Matters

For enterprise technology firms and AI developers, the rapid expansion of localized high-performance compute clusters reduces latency and broadens access to advanced processing power within India. For capital markets, Yotta's impending public offering serves as a key indicator of investor appetite for capital-intensive digital infrastructure assets.

Key Facts at a Glance

Operator: Yotta Data Services (Hiranandani Group).
Core Hardware: Nvidia GB300 and Vera Rubin GPU architectures.
Target Facilities: Navi Mumbai (NM2) and Greater Noida (D4) campuses.
Financial Goal: Up to $1.5 billion raised through pre-IPO rounds and a 2027 public listing.

FAQ Section

What is the scale of Yotta's planned Nvidia chip procurement? Yotta is plotting an investment exceeding $12 billion to procure advanced Nvidia chips, including 40,000 GB300 GPUs and 40,000 Vera Rubin GPUs.

Where will the new Nvidia chips be deployed? The hardware will be installed across Yotta's data center campuses in Navi Mumbai and Greater Noida.

When is Yotta planning its initial public offering? The company is preparing to file draft papers and aims to launch an IPO to raise up to $1.5 billion in early 2027.

Where can stakeholders review official announcements regarding Yotta's expansion? Official corporate releases and infrastructure updates are published directly via the Yotta Data Services Portal.