Sarvam AI nears raising ₹3,245 cr at ₹13,897 cr valuation: Report

Indian AI startup Sarvam is close to raising nearly $350 million (₹3,245 crore) in a funding round that will take its valuation to $1.5 billion (₹13,897 crore), Bloomberg reported. Bessemer Venture Partners is expected to lead the funding round, along with participation from Nvidia, Amazon and Prosperity7 Ventures. The round could close as early as next week.