SARVAM AI RAISES $234M IN SERIES B, VALUED AT $1.5B

Sarvam AI has secured $234M in the initial close of its Series B funding round, with the full raise targeting $300M. The funding values the startup at $1.5B, marking a significant milestone for India's AI sector. HCLTech, a major Indian IT services provider, led the investment by purchasing a 10.5% equity stake for roughly $150M. The acquisition positions HCLTech as a key stakeholder in Sarvam AI's development. Sarvam AI, founded by former researchers from IIT Bombay and Microsoft, develops generative AI models and tools. The startup has focused on building AI solutions tailored for enterprise and developer markets. The funding reflects growing investor confidence in Indian AI startups amid global competition in the sector. HCLTech's investment also signals traditional IT services firms' pivot toward artificial intelligence capabilities.