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The Latest Breaking News from Sarvam AI

Gaja Alternative Asset Management to launch Rs 550 crore IPO on Aug 19; sets price band at Rs 152-160

Among its recent investments, Gaja Capital participated in Sarvam AI's latest funding round, part of the company's proposed $74 million (around Rs 700 crore) raise led by NVIDIA Corporation. Its portfolio also includes Fractal Analytics, an AI company serving global enterprises, consumer brands such as toxin-free kitchenware startup The Indus…

The Economic Times

Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and Claude

Sarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well. An office in the US will recruit Indian-origin AI researchers. Sarvam AI aims to manufacture intelligence and achieve technological self-reliance. New products and platforms were unveiled at their developer…

The Economic Times

HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub

HCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastructure. The Bhubaneswar project will offer full-stack AI solutions, while HCLTech will also open a technology centre employing 5,000 people by 2028.

The Economic Times

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HCL Tech surges 6% on $1.14 billion AI deal; Mercedes-Benz likely client

HCL Tech shares surged following a significant $1.14 billion deal with a European Fortune Global 50 firm to manage its digital workplace and networks. This new business, spanning July 2026 to December 2031, boosts HCL Tech's prospects. The company also recently invested in AI startup Sarvam AI. Despite a slight…

The Economic Times

From OpenAI to Sarvam, governments may want skin in the AI game

Governments are exploring ownership stakes in leading AI firms like OpenAI and Sarvam AI, signaling a shift in viewing artificial intelligence as a strategic national asset. This move goes beyond traditional regulation, aiming for a say in decision-making and ensuring public benefit from AI's immense potential. Such proposals suggest a…

The Economic Times

Maruti Suzuki picks 5 startups including Sarvam AI for multilingual customer support

Maruti Suzuki is partnering with five innovative startups to boost operational efficiency and customer experience. These collaborations, born from the Maruti Suzuki Incubation Program, will focus on areas like generative AI for customer engagement and process automation. Notably, one startup will tackle the environmentally responsible recycling of end-of-life lithium-ion batteries,…

The Economic Times

Amazon open to acquisitions in India, says CEO Andy Jassy

Asked whether Amazon would consider acquisitions in the quick commerce space and whether it might invest in homegrown AI companies such as Sarvam AI or Emergent Labs as part of India's sovereign AI push, the CEO said the company would evaluate potential targets based on their technology, customer experience, and…

The Economic Times

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Sarvam gets state backing; Andy Jassy’s India visit

Happy Thursday! The Indian government may soon end up taking a stake in Sarvam AI. This and more in today’s ETtech Morning Dispatch.

The Economic Times

HCLTech bets big on sovereign AI with strategic investment in Sarvam AI

HCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enterprise AI adoption barriers through hybrid models combining private and frontier AI, while also capitalizing on the growing sovereign AI market in India and globally.

The Economic Times

HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore

HCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India's largest AI startup, acquiring a 10.46% stake. This strategic partnership aims to bolster HCLTech's enterprise AI capabilities by developing industry-specific language models and leveraging Sarvam AI's multilingual and sovereign AI solutions for global clients.

The Economic Times

Sarvam’s unicorn raise; Big exits in new IPOs

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Sarvam joins unicorn club; Razorpay lines up IPO

Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.

The Economic Times

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

India's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This investment fuels Sarvam's mission to develop sovereign AI solutions and large language models tailored for India's diverse languages and needs.

The Economic Times

Fable 5 wake-up call; Indians chase SpaceX jackpot

Happy Monday! The Fable 5 disruption has triggered fresh calls for India to build its own AI muscle. This and more in today’s ETtech Morning Dispatch.

The Economic Times

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The Economic Times

Nvidia may lead AI startup Simplismart’s $20 million fundraise at $100 million valuation

Chipmaking giant Nvidia is reportedly in advanced talks to lead a $20 million funding round for Simplismart, valuing the AI infrastructure startup at approximately $100 million. Earlier this year, Simplismart said its AI inference platform would be made available on Nvidia infrastructure as the startup expanded its enterprise AI offerings.

The Economic Times

India cannot afford to be just an AI consumer: Sarvam AI’s Pratyush Kumar

India needs to develop its own large-scale artificial intelligence models. Sarvam AI plans to train a trillion-parameter AI model soon. This move is crucial for India to lead in AI development. Owning foundational AI models will drive economic and technological growth. India must invest in computing infrastructure and research talent.

The Independent UK

India enters AI race with ChatGPT rival that can be used without internet

Sarvam AI co-founder warns India must develop its own AI models or ‘become a digital colony... dependent on other countries for this core technology’. Stuti Mishra reports from the India AI Impact Summit in Delhi

TechRadar

This Indian AI startup is claiming victory over Gemini and ChatGPT, here's why

India-based startup Sarvam AI claims its language-first OCR and speech models outperform Gemini and ChatGPT

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MyLifeXP

India’s Top 5 AI Innovations in 2026

India’s Rise as an AI Innovation HubArtificial intelligence is no longer confined to research labs or global tech giants. India has stepped into the spotlight as a leading contributor to AI development, thanks to its skilled talent pool, increasing investment in technology, and strong digital adoption across sectors. Over the…

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