India, Oct. 28 -- AI unicorn Sarvam AI is reportedly in talks to raise funds from Nasdaq-listed IT services company Cognizant Technology Solutions as part of a funding round that could value the startup at $3.5 Bn to $4 Bn.

The Bengaluru-based startup is seeking around $300 Mn in fresh capital, ET reported, citing sources. The proposed valuation would be more than double the $1.5 Bn valuation it secured in its previous funding round.

Cognizant could acquire a small stake in Sarvam, although discussions are ongoing, the report said. The startup has also held talks with large domestic enterprises to anchor the round.

Inc42 has reached out to Sarvam and Cognizant for comments on the development. The story will be updated on receiving a re...