Regional investors and non-resident Indians are using offshore vehicles, including Mauritius-based funds, to channel capital into India's emerging technology ecosystems. While overall market participation is constrained by a 5.87% rupee depreciation in 2026, targeted ventures like data infrastructure and satellite technology continue to attract major capital. For example, Yotta is actively seeking up to $35 million from the region as part of a larger pre-IPO round supporting its 2027 listing. Meanwhile, broader regional capital has largely preferred fixed-income products like central bank foreign currency deposit windows.
Key points
General Gulf capital has favored fixed-return opportunities over broad Indian equities du…: General Gulf capital has favored fixed-return opportunities over broad Indian equities due to currency depreciation.
Advanced sectors like artificial intelligence and space technology maintain strong, dedic…: Advanced sectors like artificial intelligence and space technology maintain strong, dedicated appeal among Middle Eastern investors.
Investors are utilizing offshore fund vehicles based in Mauritius to access India's high-…: Investors are utilizing offshore fund vehicles based in Mauritius to access India's high-valuation technology offerings.
Sources checked by our analysis pipeline: 1
Data centre operator Yotta, the Hiranandani Group company which is learnt to be making a $150-200 million pre-IPO fundraising, recently tapped the Gulf market and held a roadshow in Dubai earlier this month. "It was a very successful event with a great turnout of both NRI diaspora and local families," according to an industry source. The company is expecting $30-35 million worth of commitments from investors in the region, he said.
Also read: Indian states step up Gulf investor push as UAE becomes gateway to global markets
Yotta earlier this year raised $150 million at a valuation of $3.9 billion to fund expansion of its AI infrastructure. The company is expected to file its draft red herring prospectus (DRHP) in the coming weeks with plans for a listing in the first quarter of 2027. It did not respond to queries emailed by ET.
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