Krux
February 17, 2026
Blackstone Bets $1.2B on India's AI Infrastructure Play
Published: February 17, 2026 at 12:25 AM
Updated: February 17, 2026 at 12:25 AM
100-word summary
Blackstone is leading a massive $1.2 billion financing round into Neysa, India's AI infrastructure startup, securing a majority stake in the process. The deal splits evenly between $600 million in equity (backed by Teachers' Venture Growth, TVS Capital, and others) and $600 million in debt. Neysa plans to explode its GPU capacity from 1,200 to over 20,000 units, powering its Velocis AI cloud platform for clients like Swiggy and Perfios. The move aligns perfectly with India's sovereign AI push and recent data-center tax breaks. Blackstone's bet signals that India could emerge as a serious AI infrastructure hub, challenging established players.
What happened
Blackstone is leading a massive $1.2 billion financing round into Neysa, India's AI infrastructure startup, securing a majority stake in the process. The deal splits evenly between $600 million in equity (backed by Teachers' Venture Growth, TVS Capital, and others) and $600 million in debt. Neysa plans to explode its GPU capacity from 1,200 to over 20,000 units, powering its Velocis AI cloud platform for clients like Swiggy and Perfios. The move aligns perfectly with India's sovereign AI push and recent data-center tax breaks.
Why it matters
Blackstone's bet signals that India could emerge as a serious AI infrastructure hub, challenging established players.