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RARE PHOTOS: Sarvam | Vintage Vibes

A desi AI kill chain? Indian military steps towards battlefield AI

India's armed forces are working alongside Sarvam AI to establish a unified framework for military operations. The initiative focuses on improving battlefield intelligence, refining target acquisition, and streamlining decision-making across all service branches. Emphasizing a blend of cutting-edge technology and human judgment, this project signifies India’s dedication to enhancing its…

The Economic Times · Oct 28

Cognizant eyes Sarvam stake; Ather aims for higher market share

Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Oct 28

India’s family offices bet on homegrown AI firms to gain ground

India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for…

The Economic Times · Oct 16

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Sarvam plans big fundraise; HCLTech's Q2 profit jumps

Happy Tuesday! Sarvam is in talks for a big round that could double its valuation to $3 billion. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Oct 13

Sarvam AI updates vision model, doubles down on Indic-language push

Sarvam launched the original vision model in February as part of its efforts to build homegrown, "sovereign" AI systems tailored to India. The model was designed to read scanned documents and images and convert them into usable digital text, a task known as optical character recognition (OCR).

The Economic Times · Sep 25

IndiGo Ventures backs sovereign AI firm Sarvam in ongoing Series B funding round

The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo's network.

The Economic Times · Aug 29

IndiGo Ventures to invest in Indian firm Sarvam to expand AI use in aviation

IndiGo Ventures is investing in Sarvam, an Indian artificial intelligence company. This investment supports their ongoing partnership focused on AI applications. They will continue developing AI for customer experience and operational improvements. The collaboration aims to create a platform for AI-driven innovation. This venture deepens engagement exploring further enterprise AI…

The Economic Times · Aug 28

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VCs becoming marginal in AI cycle, enterprises should invest in the sector: Peak XV’s Shailendra Singh

“Every large enterprise should be investing in AI,” Singh said at The Economic Times World Leaders Forum in New Delhi. Pointing to HCLTech’s investment in Indian foundational model startup Sarvam AI, and global bets such as Amazon’s backing of Anthropic, he said corporate balance sheets can deploy capital at a…

The Economic Times · Aug 22

Nvidia bets on Sarvam AI; Sidbi eases fund rules for VCs

Happy Wednesday! Sarvam’s Pratyush Kumar has confirmed adding Nvidia to the AI startup’s captable. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Aug 5

Sarvam raises $75 million; Ather trims losses in Q1

AI startup Sarvam will raise $75 million as part of a larger funding round. This and more in today’s ETtech Top 5.

The Economic Times · Aug 3

Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and Claude

Sarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well. An office in the US will recruit Indian-origin AI researchers. Sarvam AI aims to manufacture intelligence and achieve technological self-reliance. New products and platforms were unveiled at their developer…

The Economic Times · Jul 31

HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub

HCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastructure. The Bhubaneswar project will offer full-stack AI solutions, while HCLTech will also open a technology centre employing 5,000 people by 2028.

The Economic Times · Jul 24

HCLTech to set up Rs 14,257 crore AI data centre in Odisha with Sarvam

HCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The initiative aims to boost India's sovereign AI capabilities and local developer ecosystem. It will leverage HCLTech's AI expertise and Sarvam's foundation models. This investment supports India's growing data…

The Economic Times · Jul 24

From OpenAI to Sarvam, governments may want skin in the AI game

Governments are exploring ownership stakes in leading AI firms like OpenAI and Sarvam AI, signaling a shift in viewing artificial intelligence as a strategic national asset. This move goes beyond traditional regulation, aiming for a say in decision-making and ensuring public benefit from AI's immense potential. Such proposals suggest a…

The Economic Times · Jul 2

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The Economic Times · Jun 25

Sarvam gets state backing; Andy Jassy’s India visit

Happy Thursday! The Indian government may soon end up taking a stake in Sarvam AI. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Jun 25

IndiaAI backing could make government a minority shareholder in Sarvam

The central government could end up with a 1-2% stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding round. This rare instance of equity holding arises from non-cash support provided under the IndiaAI Mission, where the government offered compute infrastructure in exchange for…

The Economic Times · Jun 19

ETtech Deals Digest: Sarvam mega round lifts startup funding to $403 million this week, up 36% on-year

Indian startups secured a significant $402.6 million in funding across 20 deals, with AI firm Sarvam leading the pack with a $234 million investment. This marks a substantial increase from the previous week, highlighting robust investor confidence. Early-stage ventures dominated the funding landscape, securing over 73% of the total capital.

The Economic Times · Jun 17

HCLTech bets big on sovereign AI with strategic investment in Sarvam AI

HCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enterprise AI adoption barriers through hybrid models combining private and frontier AI, while also capitalizing on the growing sovereign AI market in India and globally.

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The Economic Times · Jun 16

Sarvam: When US slams the door, India begins to find its own opening

Sarvam AI’s rise to a $1.5 billion valuation after raising $234 million marks a major milestone for India’s push toward AI sovereignty. The funding comes shortly after the U.S. restricted foreign access to some of Anthropic’s most advanced AI models, highlighting the risks of relying on foreign-controlled AI technologies.

The Economic Times · Jun 16

ETtech interview: AI is a capital game; our fundraise is large for India but quite small in the global context: Sarvam cofounders

In an interview with ET, Sarvam cofounder Pratyush Kumar said Sarvam — which counts HCLTech, Bessemer Venture Partners, Peak XV, Khosla Ventures, and Lightspeed among its backers — expects to be in a “constant cycle of building bigger models, raising more capital, and scaling up.” The company is also looking…

The Economic Times · Jun 16

HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore

HCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India's largest AI startup, acquiring a 10.46% stake. This strategic partnership aims to bolster HCLTech's enterprise AI capabilities by developing industry-specific language models and leveraging Sarvam AI's multilingual and sovereign AI solutions for global clients.

The Economic Times · Jun 16

Sarvam’s unicorn raise; Big exits in new IPOs

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Jun 15

Sarvam joins unicorn club; Razorpay lines up IPO

Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.

The Economic Times · Jun 15

Sarvam raises $234 million led by HCLTech at $1.5 billion valuation

India's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This investment fuels Sarvam's mission to develop sovereign AI solutions and large language models tailored for India's diverse languages and needs.

The Economic Times · Jun 14

Anthropic ban: Sarvam AI's Pratyush Kumar warns against reliance on foreign models

A US ban on advanced AI models has highlighted the vulnerability of foreign reliance, according to Sarvam AI's Pratyush Kumar. He urged Indian firms to embrace sovereign AI, building systems domestically. For AI researchers and engineers, he said the ban sets a precedent in which talent will increasingly be seen…

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