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The Economic Times

Sarvam raises $234 million led by HCLTech at $1.5 billion valuation

Sarvam HCLTECH India Sarvam AI Languages Khosla Ventures Lightspeed

India’s homegrown artificial intelligence startup Sarvam AI has raised $234 million in an ongoing funding round led by HCLTech, marking the first major outsized investment by a listed Indian outsourcing pureplay in the AI foundational ecosystem.

HCLTech said it would make a strategic investment of $150 million as part of the round, which is expected to close at $300 million.

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