HCLTech is likely to lead a major funding round in Bengaluru-based Sarvam AI, with the planned round expected to be worth **$300 million**. HCLTech is likely to invest around **$150 million**, Bessemer Venture Partners is expected to put in about **$50 million**, and the remaining **$100 million** may come from Nvidia, Prosperity7, Activate, Glade Brook and other investors, including existing backers. If completed, the round would value Sarvam AI at about **$1.5 billion** post-money, marking a sharp rise from its 2023 valuation. The round has not been formally closed yet. For HCLTech, the move comes as India’s traditional IT services industry faces pressure to adapt to the AI shift. For Sarvam, the deal could give it financial muscle to scale work in foundational AI models as India builds local alternatives to global AI systems. Sarvam AI was founded in **July 2023** by Vivek Raghavan and Pratyush Kumar.