HCLTech to Anchor $300 Million Sarvam AI Round with $150 Million Investment Plan at $1.5 Billion Valuation

HCLTech is reportedly preparing to lead a fresh funding round in Bengaluru-based AI startup Sarvam AI, signalling a notable shift in the Indian IT sector as traditional technology services companies increasingly deepen their exposure to artificial intelligence businesses. 

Funding Round Could Value Sarvam AI at $1.5 Billion 

According to The Moneycontrol report, HCLTech could invest nearly $150 million in the upcoming funding round, which may value Sarvam AI at around $1.5 billion. 

The startup is also expected to raise an additional $150 million from other investors during the round. NVIDIA has reportedly emerged as one of the potential participants in the fundraising process. 

If completed, the transaction could become one of the largest fundraising rounds for an Indian AI startup and may reflect changing priorities among established Indian IT firms that were previously viewed as relatively cautious in making direct AI bets. 

Sarvam AI last raised capital in December 2023, when the company secured $41 million in a Series A funding round. 

Indian IT Sector Increasingly Focused on AI 

The investment discussions come during a period of rapid change across the global software and IT services industry as AI-native firms such as OpenAI and Anthropic continue expanding their capabilities and enterprise offerings. 

Indian IT companies including TCS, Infosys and Wipro have often faced concerns regarding AI-led disruption, particularly as newer AI platforms and tools continue reshaping software development and enterprise automation. 

HCLTech itself already maintains a partnership with OpenAI to help enterprises deploy AI-based solutions across client systems. Similar collaborations have also been announced by other large Indian IT firms. 

The sector has previously faced criticism for not moving aggressively enough into AI investments and proprietary AI product development. 

Sarvam AI Building India-Focused AI Models 

Founded in July 2023 by Vivek Raghavan and Pratyush Kumar, Sarvam AI is positioning itself as a sovereign AI company focused on India-specific applications and foundational AI systems. 

The startup has concentrated on Indic-language AI models, voice-based applications and enterprise AI deployment platforms designed for Indian users and businesses. 

Sarvam has also claimed strong performance for some of its AI models, including Vision and Bulbul, against platforms such as ChatGPT and Google Gemini in selected tasks. 

At the IndiaAI Impact Summit earlier this year, the company unveiled open-weight large language models with 30-billion and 105-billion parameters trained from scratch in India. 

Read More: HCLTech Share Price in Focus; Partners with Red Hat for AI Infrastructure Solutions! 

HCLTech Share Price Performance  

As of 15 May 2026, at 11:54 AM, HCL Technologies Ltd share price is trading at ₹1,134.90 per share, reflecting a surge of 0.97% from the previous closing price.  

Conclusion 

HCLTech’s reported investment discussions with Sarvam AI highlight the growing strategic importance of artificial intelligence within India’s technology sector as established IT firms increasingly look to participate in the country’s emerging AI ecosystem.

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