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Yotta plans India IPO first in search for scale, valuations
Mint Ahmedabad
|January 29, 2026
that it had decided not to proceed with the business combination outlined in the Form F-4 registration statement.
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India's markets warm to AI and data centre listings.
(ISTOCKPHOTO)
Gupta said the SPAC transaction is now off the table and that any future US listing would require a fresh process.
Gupta said an India-first listing would allow Yotta to build scale and valuation before tapping the overseas markets.
“Once we are listed in India, we can approach overseas markets with much higher strength,” he said.
Market participants said Indian markets are warming to AI-adjacent and data centre listings, reflecting a broader shift in investor sentiment.
This story is from the January 29, 2026 edition of Mint Ahmedabad.
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