New Delhi, June 16 -- India's full-stack sovereign artificial intelligence (AI) company, Sarvam AI, has become a unicorn after raising $234 million (Rs 2,210 crore).
The funding came through a Series B round led by HCLTech and Bessemer Venture Partners, with participation from existing investors Khosla Ventures and Peak XV Partners.
According to Tracxn data, the fundraise marks a sharp increase from Sarvam's previous valuation of about $196 million in 2025, when it raised $228,000 from Avvanti Advisors.
HCLTech will acquire a 10.46 per cent stake in the Bengaluru-based startup for Rs 1,427.25 crore, making it the lead strategic investor.
HCLTech said the partnership combines Sarvam's AI research with the IT services firm's enterprise re...