Blackstone Leads $1.2 Billion Funding in Neysa to Build India’s AI Infrastructure Platform

Blackstone has announced a landmark $1.2 billion investment in Neysa, positioning the Mumbai-based AI acceleration cloud platform as a cornerstone of India’s emerging artificial intelligence infrastructure. The funding round, comprising $600 million in equity and $600 million in debt financing, is one of the largest private capital commitments in India’s AI sector.

Founded by Netmagic’s Sharad Sanghi, Neysa aims to deliver mission-critical AI solutions to enterprises and government entities. The capital infusion will enable Neysa to deploy 20,000 GPUs across India, significantly boosting domestic AI capabilities and reducing reliance on global infrastructure providers.

This investment underscores India’s ambition to become a global AI hub, with Neysa expected to play a pivotal role in advancing enterprise adoption, cloud acceleration, and sovereign AI infrastructure.

Key Highlights

• Funding Size: $1.2 billion (equity + debt).
• Lead Investor: Blackstone, with Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures.
• Infrastructure Expansion: Deployment of 20,000 GPUs across India.
• Strategic Vision: Strengthening India’s sovereign AI infrastructure ecosystem.
• Founder: Sharad Sanghi, former CEO of Netmagic.
• Global Context: Blackstone’s first pure-play AI investment in India, following global bets on OpenAI and Anthropic.

Sources: Financial Express, News18, The Hindu BusinessLine, CNBC TV18, Blackstone Press Release