According to a report by The Economic Times, India-based Yotta Data Services is aiming to secure $1 billion in funding from both local and international investors. The company plans to offer a 25-30% stake, valuing the business at $3 billion. The Hiranandani Group’s data center subsidiary is also weighing the possibility of an initial public offering (IPO) within India. This capital injection is intended to fuel growth as the demand for data centers climbs due to the rapid expansion of AI and cloud computing.

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