Why HCLTech’s $234 Million Bet on Sarvam AI Faces Massive Financial Risks
This colossal check cemented HCLTech’s place as the lead strategic investor in a $234 million funding round. Bessemer Venture Partners, Khosla Ventures, and Peak XV also pitched in, and even Nvidia made an appearance. The whole affair propelled Sarvam’s post-money valuation to a mind-boggling $1.5 billion, officially birthing India’s newest tech unicorn on June 15, … Read more