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India's HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India's HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm's Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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thenextweb.com
Sarvam is India's newest AI unicorn after a $234m round
Sarvam raised $234m led by HCLTech ($150m) at a $1.5bn valuation, making the Bengaluru sovereign-AI company India's newest AI unicorn.
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economictimes.indiatimes.com
Sarvam raises $234 million led by HCLTech at $1.5 billion valuation - The Economic Times
Bessemer Venture Partners, and existing investors Khosla Ventures and Peak XV Partners also participated in the round that values Sarvam at $1.5 billion.
