Yotta raises $150 million at $3.9 billion valuation to fund AI infrastructure expansion

Yotta Data Services, a subsidiary of Hiranandani group, has raised around $150 million from non-institutional investors at a valuation of around $3.9 billion or ₹37,000 crore, as the centre company is looking to accelerate expansion of its artificial intelligence and cloud businesses.

The capital raise, completed over the past few months, involved no promoter offer-for-sale, with the entire proceeds being infused into the business to support growth, the company said in a statement on Monday.