Sarvam AI Eyes $300 Million Fundraise as HCLTech Reports Strong Q2 Profit
· Business · Economic Times
Homegrown artificial intelligence startup Sarvam is in discussions to raise $250 million to $300 million at a $3 billion valuation, potentially doubling its worth within four months. The firm plans to build larger computing infrastructure and a trillion-parameter model for enterprise clients. Meanwhile, HCLTech reported a 21 per cent year-on-year increase in net profit to ₹5,132 crore for the second quarter, alongside an 11 per cent growth in revenue. Additionally, Bengaluru-based Mesa School of Business raised ₹110 crore at a ₹385 crore valuation through equity and venture debt to expand its startup leadership programs.
Why it matters
Major funding rounds for domestic AI startups and strong quarterly earnings from IT majors signal robust momentum in India's technology and startup sectors.
Read the original report — Economic Times
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