India’s Sarvam Becomes the Country’s Newest AI Unicorn With HCLTech as Lead Investor (opens in new tab)

Bengaluru-based Sarvam raised $234 million at a $1.5 billion valuation with HCLTech leading the round at $150 million, making it India's newest AI unicorn and the first major Indian generative-AI company led by domestic rather than Silicon Valley capital.