Sarvam Becomes India's Newest AI Unicorn with $234 Million Round Led by HCLTech
Original: Sarvam becomes India’s newest AI unicorn with $234 million funding round led by HCLTech
Bengaluru AI startup Sarvam hits unicorn status after a $234 million round anchored by HCLTech's $150 million investment.
Sarvam, a Bengaluru-based AI startup, has achieved unicorn valuation after closing a $234 million funding round led by HCLTech. The Indian IT services giant contributed $150 million — more than 64% of the total raise — making it the dominant backer in the deal. The milestone places Sarvam among India's most heavily capitalized AI ventures and underscores growing strategic interest from established Indian corporations in domestic AI development.
Sarvam, an artificial intelligence startup headquartered in Bengaluru, India, has entered the unicorn club — companies valued at $1 billion or more — after closing a $234 million funding round. The round was led by HCLTech, one of India's largest information technology services conglomerates, which contributed $150 million of the total raise, representing the single largest check in the deal.
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