HCLTech Takes Minority Stake in Sarvam AI in Rs14.27 Billion Deal
HCL Technologies has agreed to acquire a 10.46% equity stake in Sarvam AI for Rs14.27 billion, valuing the startup at $1.5 billion post-money. The deal, expected to close within two weeks of signing, is intended to give HCLTech direct access to Sarvam's language models, multilingual capabilities and inference infrastructure to accelerate sovereign …