HCLTech acquires 10.5% stake in AI startup Sarvam at $1.5B valuation

HCLTech acquires 10.5% stake in AI startup Sarvam at $1.5B valuation. This strategic move strengthens HCLTech’s position in the artificial intelligence space. The deal values Sarvam AI at $1.5 billion pre-money, marking one of the larger minority stakes taken by an Indian IT firm in a homegrown startup. HCLTech aims to leverage Sarvam’s AI capabilities for enterprise solutions.
📊 STOCKS: HCLTECH | 🏢 SECTOR: IT | #MEDIUMIMPACT #AI