Sarvam AI enters unicorn club with $234 million funding led by HCLTech (opens in new tab)

Sarvam AI has raised $234 million in an ongoing funding round led by HCLTech, valuing the startup at $1.5 billion and making it India's latest unicorn.The funding round, which is expected to close at around $300 million, includes a strategic investment of $150 million from HCLTech alone. Venture capital firm Bessemer Venture Partners joined the cap table as a new investor, while existing backers Khosla Ventures and Peak XV Partners also participated in the funding round.The deal is significan...