Sarvam AI has become India’s 130th unicorn after raising $234 million in its ongoing Series B funding round led by HCLTech, valuing the company at $1.5 billion, according to inc42.com. The round is expected to close at $300 million, with HCLTech investing $150 million for a 10.46% stake. Other investors include Bessemer Venture Partners, Khosla Ventures, and Peak XV Partners.
The funding will support Sarvam’s research, computing capacity expansion, and broader deployment of its AI models. Sarvam’s rapid growth began with OpenHathi-v1 in 2023 and evolved into advanced large language models such as Sarvam-30B and Sarvam-105B earlier this year. The company focuses on making AI models usable in Indian languages and enterprise environments, which has driven its commercial traction.
Sarvam currently handles over 2 million conversations and 10 million API calls daily, with voice AI emerging as a significant revenue source. Its revenue surged to ₹45.1 crore in FY26 from ₹1.5 crore the previous year. The startup is now targeting mass-market scalability by opening its conversational AI platform to small businesses through self-serve onboarding and free usage tiers, signaling a shift toward wider adoption.
Sarvam’s Series B round remains open with a target of $300 million, which will further fuel its expansion plans. The company’s growth trajectory highlights the increasing investment focus on AI startups in India, reflecting broader trends in the sector.