SoftBank, Blackstone in talks to acquire stakes in cloud startup Neysa

Private equity firm Blackstone and Japanese venture capital firm SoftBank are reportedly talking about buying stakes in the Indian AI cloud platform Neysa Datalabs.

Sources say Blackstone is considering buying a majority stake in Neysa, while SoftBank may take a smaller, minority share. The deal could value Neysa at under $300 million.

The report adds that any new investor would probably need to provide extra funding to help the startup grow. No final decision has been made yet, and other investors might also join the funding round.

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If the deal goes through, it would be SoftBank’s first new investment in India in three years. For Blackstone, the acquisition would add to its existing India investments and align with its wider focus on data centers.

This development comes as the rapid growth of AI applications is driving a big increase in demand for data centers.

Founded in 2023 by Sharad Sanghi and Anindya Das, Neysa provides cloud computing infrastructure for running AI models.

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The startup has raised around $50 million from investors, including Z47 (formerly Matrix Partners India) and Nexus Venture Partners, according to its website.

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