Indian AI startup Sarvam raised $234M in the first close of a $300M Series B at a $1.5B valuation, with HCLTech acquiring a 10.5% stake for ~$150M in cash (Urvi Dugar/Reuters)

<a href="https://www.reuters.com/world/india/indias-hcltech-buy-105-stake-sarvam-ai-valuing-startup-15-billion-2026-06-15/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260615/i23.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260615/p23#a260615p23" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Urvi Dugar / <a href="http://www.reuters.com/">Reuters</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/world/india/indias-hcltech-buy-105-stake-sarvam-ai-valuing-startup-15-billion-2026-06-15/">Indian AI startup Sarvam raised $234M in the first close of a $300M Series B at a $1.5B valuation, with HCLTech acquiring a 10.5% stake for ~$150M in cash</a></b></span>&nbsp; &mdash;&nbsp; India's HCLTech (HCLT.NS) said on Monday it will acquire a 10.5% stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees &hellip; </p>