ChainThink reports that on March 20, according to Bloomberg, Yotta Data Services Pvt., which operates India’s largest cluster of NVIDIA AI processors, is seeking a new round of funding at a valuation of approximately $4 billion before filing its preliminary prospectus for an initial public offering (IPO).
The Mumbai-based company plans to raise approximately $500 million to $600 million and will submit its formal listing documents within weeks. According to people familiar with the matter, the company also intends to raise an equivalent amount of additional capital through its public offering.