India Tech 🇮🇳 AI NewsMumbai-based Yotta, which runs India's largest cluster of Nvidia AI processors, is raising 500-600M USD in pre-IPO funding at a 4B USD valuation. The data center operator plans to file its IPO documents within weeks, positioning itself as a domestic alternative to Western tech giants. https://economictimes.indiatimes.com/tech/startups/ai-startup-yotta-seeks-4-billion-valuation-ahead-of-planned-ipo/articleshow/129690945.cms #India #Tech #AI #Yotta
AI startup Yotta seeks $4 billion valuation ahead of planned IPO
The Mumbai-based company is aiming to secure roughly $500 million to $600 million in capital and then file its formal listing documents within weeks, according to people familiar with the matter. It plans to raise a similar amount in the public offering.