India, June 16 -- India Welcomes Its 130th Unicorn

Sarvam AI has become India's newest unicorn after raising $234 Mn in its ongoing Series B round led by tech giant HCLTech. Valuing the AI juggernaut at $1.5 Bn, the fundraise signals a bigger shift in how Indian AI is being built, deployed and commercialised.

Marquee Names Line Up: The mega round gives the AI giant serious firepower for its next phase. The funds will bankroll research, compute expansion and broader deployment. HCLTech infused $150 Mn to acquire a 10.46% stake, while Bessemer Venture Partners, Khosla Ventures and Peak XV Partners also joined the round. It plans to eventually close the round at $300 Mn.

The Indic Flywheel: Sarvam's journey has been unusually fast. What b...