HCLTech acquires 10.46% of Sarvam AI for ₹1,427cr valuing $1.5B
Business
HCLTech just put ₹1,427 crore ($150 million) into Sarvam AI, picking up a 10.46% stake and valuing the homegrown AI company at $1.5 billion.
The deal should wrap up in about two weeks.
Series B $234 million led by HCLTech
This is part of Sarvam AI's Series B funding round (now at $234 million out of a $300 million goal), with HCLTech leading and big names like Bessemer Venture Partners also joining in.
Sarvam builds advanced AI tools used by banks, insurers, defense, and government agencies—think SBI Life, LIC, Tata Capital, and CRED.
Their platforms handle millions of daily interactions and API calls across sectors that touch a lot of lives in India.