Sarvam Secures $234 Million to Become India’s Latest AI Unicorn

The capital injection includes $150 million from HCLTech, with participation from Bessemer Venture Partners and existing backers Khosla Ventures and Peak XV Partners. Founders Vivek Raghavan and Pratyush Kumar aim to raise a total of $300 million for this Series B round to accelerate the development of agentic, coding, and cybersecurity models. Unlike many startups focusing solely on software layers, Sarvam is building a full-stack business that integrates model development with inference infrastructure.

This strategic partnership with HCLTech provides the necessary muscle to commercialize technology across banking, insurance, and defense. The startup’s impact is already visible: its multilingual voice agents have processed data from 17 million farmers for the Ministry of Agriculture, while its platform handles over 2 million daily interactions. By focusing on Indian languages and localized use cases, the company is attempting to bridge the gap in a market where access to frontier models has often been restricted by high computing costs and geopolitical constraints.