Sarvam AI turns unicorn after HCLTech acquires 10.46% stake for 1427cr
In a major push towards India’s growing artificial intelligence ecosystem, HCL Technologies on Monday announced an investment of Rs 1,427.25 crore (approximately $150 million) in Bengaluru-based AI startup Sarvam AI, acquiring a 10.46% minority stake in the company.
The all-cash deal values Sarvam AI at $1.5 billion and marks one of the largest strategic investments by an Indian technology services company into the country’s fast-emerging sovereign AI sector.
