Sarvam Becomes India’s 130th Unicorn After Raising $234 Mn

by · Inc42

SUMMARY

  • Sarvam has become India’s 130th unicorn after raising $234 Mn (about ₹2,210 Cr) as part of its $300 Mn Series B funding round at a post-money valuation of $1.5 Bn
  • The funding round was led by HCLTech, and also saw participation from Bessemer Venture Partners, Khosla Ventures and Peak XV Partners. HCLTech will invest $150 Mn as part of the round
  • The startup will use the fresh capital for its research efforts, including the development of next-generation AI models focused on agentic AI, coding and cybersecurity applications