HCLTech’s Sarvam Bet, Vetic Bags $40 Mn & More (opens in new tab)

Has Patient Capital Finally Arrived? Sovereign AI is back in the spotlight in India. As global giants tightens AI access and domestic companies look for strategic alternatives, Sarvam’s $234 Mn unicorn round, led by HCLTech, has become a symbol of the Desi pivot. But is this really a turning point? The Changing Mood: Just a few months ago, the country was trying to present itself as a big AI market, with global CEOs converging in New Delhi for the India AI Impact Summit. Since then, geopoliti...