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HCL Tech shares in focus after buying stake in Sarvam AI for Rs 1,427 crore
HCLTech will remain in focus after investing Rs 1,427 crore in Sarvam AI, becoming the lead investor in the startups Series B funding round. The partnership aims to advance frontier and sovereign AI capabilities while strengthening HCLTechs enterprise offerings amid moderated growth expectations.
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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.
