Bengaluru-based AI startup Sarvam AI becomes India’s latest “unicorn” after raising $234 million in the first close of its Series B round, which is reported to be targeting $300 million. Multiple outlets say the round values the company at about $1.5 billion on a post-money basis. HCLTech is the lead investor, with reports that it plans to buy roughly a 10.46% stake in Sarvam AI for ₹1,427 crore (about Rs 1,427.25 crore cited in filings). Tech and finance outlets also report that HCLTech invests $150 million in the round. Other investors mentioned include Bessemer Venture Partners, along with continued support from existing backers such as Khosla Ventures and Peak XV Partners (Sequoia). Coverage also links the new funding to Sarvam’s continued research and development, including next-generation frontier models and agentic AI use cases, as well as expanded compute and deployment across industry sectors. One report says the stake acquisition agreement is expected to close within about two weeks and that the transaction does not require regulatory approval, according to a regulatory filing.
Sarvam AI becomes India’s newest unicorn as HCLTech leads $234M Series B
Bengaluru-based AI startup Sarvam AI becomes India’s latest “unicorn” after raising $234 million in the first close of its Series B round, which is reported to be targeting $300 million. Multiple outl...
- Sarvam AI raises $234 million in the first close of its Series B funding round, targeting $300 million.
- The funding round values Sarvam AI at about $1.5 billion post-money, making it a unicorn.
- HCLTech leads the round with a reported $150 million investment and buys about a 10.46% stake for ₹1,427 crore.
- Bessemer Venture Partners is reported to invest in the round, alongside continued support from existing investors such as Khosla Ventures and Peak XV Partners.
- Sarvam AI is described as using the funding for continued R&D and expansion of its sovereign/enterprise AI offerings.
HCLTech and Bessemer Venture Partners invested in the round, with continued support from existing investors Khosla Ventures and Peak XV Partners
2 hours ago<p>Bengaluru-based artificial intelligence startup Sarvam AI has raised $234 million in the first close of its Series B funding </p>
3 hours agoNew Delhi, June 15: IT company HCLTech plans to buy a 10.46 per cent stake in government-backed sovereign AI model developer Sarvam AI for Rs 1,427 crore, according to a regulatory filing. The transaction, which values Sarvam AI at USD 1.5 billion, is expected to close within two weeks of signing the agreement.“Total investment of Rs 1,427.25 crore. 41,421 equity shares for a 10.46 per cent stake in Sarvam AI will be acquired,” HCLTech said in a filing on Monday.About Sarvam AISarvam AI is building the foundational model of Sovereign AI for India. The company is developing India’s full-stack Sovereign AI platform across research, models, infrastructure and applications, built to advance AI for all of India.The transaction does not require any regulatory approval, the filing said.Investment Details And Purpose“This independent investment by HCLTech will fund Sarvam's continued research and development for training its next-generation frontier models for agentic AI, coding and cybersecurity use cases, as well as access to compute at scale to expand its deployment across key industry verticals,” the filing said.Sarvam AI reported revenue of Rs 45.1 crore in 2025–26.Strategic AI Expansion Plans“The investment will enable HCLTech to develop industry and client specific language models and AI solutions for its global client base, delivering compelling price-to-performance outcomes and enabling differentiated enterprise AI solutions across industries,” the filing said.Also Watch: HCLTech Plans To Invest $150 Million In Sarvam AI To Lead Startup’s Latest Funding RoundHCLTech will leverage and expand Sarvam's multilingual AI capabilities in India and beyond India for both sovereign AI initiatives and enterprise deployments across global markets.The deal is expected to accelerate the development and adoption of sovereign AI solutions for governments, regulated industries and enterprises seeking localised, secure and compliant AI deployments.(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
3 hours agoIn total, the AI company has raised $234 million(around ₹2,218.61 crore) in the first close of its $300 million Series B at a postmoney valuation of $1.5 billion
3 hours agoIndian IT services company HCLTech is investing $150 million in the Bengaluru startup.
4 hours ago
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