Former OYO Executive’s Startup Nava Raises $22 Mn To Build Neocloud Platform
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Former OYO senior executive Abhinav Sinha’s AI startup Nava, earlier known as Kluisz.ai, has raised $22 Mn (about ₹204 Cr) in its Series A round led by Greenoaks, with participation from existing investors RTP Global and Unicorn India Ventures.
Along with the fundraise, the startup announced its rebranding to Nava. In a statement, the startup said it has set up Singapore as its regional headquarters to be closer to key APAC markets and global talent
Founded in 2025 by Sinha, ex-McKinsey Partner Vamshidhar Reddy, and ex-VP of cloud at Jio Abhijeet Singh, Nava is building a full-stack neocloud platform.
Neocloud platforms essentially provide GPU-as-a-service, enabling businesses to run AI, machine learning, and other compute-heavy workloads without managing their own infrastructure.
Nava plans to utilise the fresh capital to build its full-stack AI compute platform for Asia, while also investing in talent across AI infrastructure, including data centre design, GPU engineering, and go-to-market roles.
As enterprises increasingly adopt AI, they need powerful hardware combined with AI-native software to run applications efficiently and at scale. Nava is looking to address this issue by taking a vertically integrated approach by bringing together AI-optimised data centres, high-performance GPU compute, orchestration and inferencing layers, along with easy-to-use developer tools. This setup helps enterprises build, deploy, and scale AI applications more efficiently and reliably.
The startup is targeting enterprises that are building AI models and applications, offering infrastructure through models like GPU-as-a-service and bare-metal compute. It is currently in advanced discussions to roll out its GPU-based AI infrastructure offerings.
With the latest round, Nava’s total funding has reached $31.6 Mn, including a $9.6 Mn seed round led by RTP Global, with participation from Unicorn India Ventures, Blume Founders Fund, and Climber Capital in July 2025. Notably, that round was among the largest seed rounds for an AI startup at the time.
The development comes amid a strong push for India’s AI data centre ecosystem, with over $200 Bn being invested. Large conglomerates and global tech firms are racing to build AI-ready facilities to support sovereign AI initiatives. However, India faces a shortfall in AI-ready data centre capacity as demand for AI computing grows rapidly, while most existing infrastructure remains designed for traditional cloud workloads.
Overall, India’s AI market is projected to reach $126 Bn by 2030 and could contribute up to $1.7 Tn to GDP by 2035.
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