Sarvam Achieves Unicorn Status After $234 Million Funding Boost

WHO:

Techmeme - Indian AI startup Sarvam and HCLTech are involved in the funding round.

TechCrunch - HCLTech is an Indian IT services company.

WHAT:

Techmeme - Sarvam raised $234 million in the first close of a $300 million Series B funding round.

Techmeme - Sarvam achieved a valuation of $1.5 billion.

Techmeme - HCLTech acquired a 10.5% stake in Sarvam for approximately $150 million in cash.

TechCrunch - HCLTech is investing $150 million in the Bengaluru startup Sarvam.

WHERE:

Techmeme - The funding round involves Sarvam, which is based in Bengaluru, India.

WHEN:

Techmeme - The funding announcement was made on a Monday.

HOW:

Techmeme - The investment by HCLTech was made in cash, amounting to 14.27 billion rupees.

(UPDATED June 15, 2026 18:38 UTC)

Indian AI startup Sarvam has successfully raised $234 million in the first close of a $300 million Series B funding round, achieving a valuation of $1.5 billion. HCLTech, an Indian IT services company, has acquired a 10.5% stake in Sarvam for approximately $150 million in cash, which is about 14.27 billion rupees. This significant investment was announced on a Monday and highlights the growing interest in the tech sector in Bengaluru, India.