India / Bhārata: Yotta to go public via SPAC merger

Indian data center firm Yotta, the data center unit of Nidar Infrastructure Limited is to go public on the Nasdaq following a definitive merger agreement with Cartica Acquisition Corp. 

"Through its Yotta data centers, Nidar is India's leading data center provider for AI and high-performance compute. Yotta designs, builds, and operates Tier III and IV data centers in India, which offer both colocation and hyperscale services and cloud and managed services,” said Sunil Gupta, CEO and co-founder of Nidar (and Yotta). “With our priority access to industry-leading GPUs through our partnership with the world's leader in high-performance compute, together with the added ability to access US capital markets, Yotta is poised to capture long-lasting demand from cloud infrastructure and AI."

Darshan Hiranandani, co-founder of Nidar and director of Nidar's largest shareholder, added: "Nidar's management team has significant experience in successfully building and operating India's leading data center provider. By combining with Cartica, this will enable our management team to continue to execute on our growth strategy to effectively build on Yotta's world-class platform, accelerate growth, and create long-term shareholder value."