Sarvam AI set for fresh $74 million round; Nvidia to lead the extended Series B round

Less than six weeks after entering the unicorn club, Sarvam AI is set to raise another Rs 700 crore (about $74 million) in an extended Series B round led by AI chipmaker Nvidia, signalling continued investor confidence in the Bengaluru-based startup as it embarks on building one of the world’s largest foundation AI models.

According to an Entrackr report citing regulatory filings, Nvidia will invest about Rs 238 crore ($25 million), while growth equity firm Glade Brook Capital will put in around Rs 190 crore ($20 million) and private equity firm Gaja Capital Rs 95 crore. Indigo Ventures and other investors are also participating in the round.