Indian artificial intelligence startup Sarvam AI is in discussions to raise between $200 million and $250 million in a fresh funding round, close sources revealed. The round is expected to draw participation from global chipmaker Nvidia, venture capital firm Accel, and IT services major HCLTech.
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If the deal materialises as planned, the Bengaluru-based company could be valued at around $1.5 billion, potentially marking its entry into the unicorn club.
The proposed investment is being viewed as strategically aligned for all parties involved. Sarvam already depends on Nvidia’s hardware to train its AI models, making the chipmaker’s participation a logical extension of an existing relationship. For HCLTech, a stake in the startup could open avenues to integrate Sarvam’s generative AI capabilities into its enterprise offerings, helping scale deployments across client ecosystems. Accel’s involvement, meanwhile, is expected to bring both capital and support as Sarvam looks to expand its footprint beyond India.
Sources indicate that negotiations are still ongoing, and the final size of the round may evolve as additional investors have shown interest in backing the company. None of the parties, including Sarvam, Nvidia, or Accel, has made an official announcement so far.
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What Sarvam AI Does
Founded with a focus on building indigenous AI capabilities, Sarvam AI is working on developing foundational models tailored to Indian needs. Its platform spans the entire AI stack—from training large language models to enabling the deployment of applications at scale.
